The pair traded within a range near the upper boundary after the strong rally from the 0.7870 area. USD/CHF remains in an overall bullish H1 structure, but the latest candles show a pullback from the high zone, so the market may need to hold the Pivot area to avoid a deeper correction during the day.
Current price: 0.79642
Pivot: 0.7968
Nearest support levels:
S1: 0.7952
S2: 0.7935
S3: 0.7915
Nearest resistance levels:
R1: 0.7980
R2: 0.7995
R3: 0.8015
Note:
Above Pivot: a recovery above 0.7968 may return buyers to control and support another test of 0.7980. A breakout above this level may extend the move toward 0.7995 and 0.8015.
Below Pivot: while USD/CHF remains below 0.7968, a corrective pullback may continue. A break below 0.7952 may expose 0.7935 and 0.7915 during the day.
