The USD/CHF pair enters the day under clear bearish pressure after a sharp breakdown late in the previous session. The H1 chart shows that the pair lost several support layers and is now consolidating near the fresh lows, which is typically a sign that sellers are still in control even if volatility temporarily eases. The current pause looks more like stabilization after a sell-off than a confirmed reversal, so the broader intraday structure remains weak. For the full day, the main risk is continuation lower unless the market can reclaim the pivot zone and build a more meaningful recovery.
Current price: 0.78201
Pivot: 0.7827
Nearest support levels: S1: 0.7815, S2: 0.7800, S3: 0.7786
Nearest resistance levels: R1: 0.7833, R2: 0.7848, R3: 0.7864
Note: If the pair remains below the pivot at 0.7827, bearish pressure may persist and drag the market toward 0.7815. A break lower would expose 0.7800 and then 0.7786 during the day. If USD/CHF climbs back above 0.7827, a corrective rebound may extend toward 0.7833 and 0.7848. Only a stronger recovery above 0.7848 would begin to ease the current bearish intraday structure and open the way to 0.7864.
