The pair traded within a range before extending its broader H1 recovery and climbing into the upper part of the visible structure. USD/CHF remains close to recent highs, and despite some consolidation, the daily outlook stays constructive while the price holds above the Pivot and above the former breakout area.
Current price: 0.79066
Pivot: 0.7900
Nearest support levels:
S1: 0.7890
S2: 0.7875
S3: 0.7855
Nearest resistance levels:
R1: 0.7915
R2: 0.7930
R3: 0.7950
Note:
Above Pivot: while USD/CHF holds above 0.7900, buyers may preserve the upward structure and retest 0.7915. A breakout above this resistance may extend the advance toward 0.7930 and 0.7950 during the day.
Below Pivot: a move below 0.7900 would weaken the immediate bullish tone and could trigger a pullback toward 0.7890. If this support fails, the next downside targets may be 0.7875 and 0.7855.
