The USD/CHF pair traded within a corrective rebound after a sharp sell-off pushed the market into the 0.7810 area. Buyers managed to stabilize the pair and reclaim part of the lost ground, but price is still trading below the broader breakdown zone, which means the recovery remains vulnerable unless follow-through buying appears above the pivot. The pair is therefore in a fragile recovery phase rather than in a confirmed bullish reversal.
Current price: 0.78368
Pivot: 0.78360
Nearest support levels: S1 0.78290, S2 0.78190, S3 0.78080
Nearest resistance levels: R1 0.78470, R2 0.78560, R3 0.78680
Note: Above 0.78360, the pair may extend its recovery toward 0.78470 and 0.78560, with 0.78680 as the upper intraday target if buyers stay in control. Below 0.78360, downside pressure may return toward 0.78290 and 0.78190; a break lower would put 0.78080 back in play.
