The USD/CHF pair continues to trade with a firm bullish tone and is one of the clearest mirror images of the weakness seen in EUR/USD and GBP/USD. On the H1 chart, the pair has maintained a sequence of higher lows and higher highs, and the latest leg higher shows renewed buying momentum after only shallow pullbacks. This is important for the daily outlook because it suggests that buyers are still in control, even though the pair is already trading near the upper edge of its recent short-term range. The market may pause or consolidate after such a fast advance, but unless price falls back below the main intraday control zone, the broader direction for the day remains tilted to the upside.
Current price: 0.78587
Pivot: 0.7848
Nearest support levels: S1: 0.7842, S2: 0.7828, S3: 0.7810
Nearest resistance levels: R1: 0.7868, R2: 0.7882, R3: 0.7898
Note: If the pair holds above the pivot at 0.7848, buyers may keep control and attempt a further extension toward 0.7868. A breakout above that barrier would open the way toward 0.7882 and potentially 0.7898 later in the day. If USD/CHF slips back below 0.7848, the bullish structure may temporarily weaken and trigger a correction toward 0.7842 and 0.7828. A deeper pullback would then expose 0.7810. Overall, the daily intraday bias remains bullish, but because the pair is already near elevated levels, continuation may come with pauses and brief consolidations rather than a straight-line rally.
