The pair traded within a range after the previous recovery, then accelerated higher and returned to the upper part of the H1 structure. USD/CHF is now testing the resistance area near recent highs, and the daily outlook remains constructive while the price holds above the Pivot.
Current price: 0.78913
Pivot: 0.7878
Nearest support levels:
S1: 0.7875
S2: 0.7860
S3: 0.7840
Nearest resistance levels:
R1: 0.7898
R2: 0.7910
R3: 0.7925
Note:
Above Pivot: holding above 0.7878 may keep the bullish structure active and support a test of 0.7898. A breakout above this level may extend the move toward 0.7910 and 0.7925 during the day.
Below Pivot: a decline below 0.7878 would weaken the current upward impulse and may trigger a pullback toward 0.7875. If sellers push through this support, USD/CHF may move toward 0.7860 and 0.7840.
