The USD/CHF pair traded within a recovery phase after Monday’s low, but the latest price action has slowed into a narrow consolidation just below the short-term resistance band. Buyers are still defending the rebound structure, yet they have not produced a clean breakout above the recent intraday ceiling. This keeps the pair in a fragile bullish correction rather than in a fully restored uptrend. For the day, the pivot area remains the main balance point: holding above it supports another push higher, while slipping back below it would expose the recovery as only temporary.
Current price: 0.78512
Pivot: 0.78500
Nearest support levels: S1 0.78410, S2 0.78300, S3 0.78170
Nearest resistance levels: R1 0.78620, R2 0.78730, R3 0.78860
Note: Above 0.78500, the pair may extend the rebound toward 0.78620 and 0.78730. If buyers gain stronger traction, 0.78860 becomes the next upside target. Below 0.78500, downside pressure may return toward 0.78410 and 0.78300; a broader reversal lower would bring 0.78170 into focus.
