The pair traded within a range near the highs after extending its rally sharply at the end of last week. USD/CHF remains one of the strongest structures on the H1 charts, with buyers still holding the market close to the upper boundary. As long as the pair stays above the Pivot zone, the trend remains constructive, although some consolidation is natural ahead of U.S. CPI and PPI later this week.
Current price: 0.79701
Pivot: 0.7960
Nearest support levels:
S1: 0.7950
S2: 0.7935
S3: 0.7915
Nearest resistance levels:
R1: 0.7980
R2: 0.7995
R3: 0.8015
Note:
Above Pivot: while USD/CHF holds above 0.7960, buyers may remain in control and keep pressure on 0.7980. A breakout above this level may open the way toward 0.7995 and 0.8015.
Below Pivot: if the pair slips below 0.7960, a deeper correction may develop toward 0.7950. Further weakness may then expose 0.7935 and 0.7915.
