USD/CHF rallied steadily from the recent low near 0.8010 and reached the upper part of the short-term recovery channel, but the pair is now pulling back after failing to hold near the local high zone. This keeps the daily tone balanced: the recovery structure is still visible, but the market is vulnerable to a deeper correction if the Pivot gives way.

Current price: 0.8072

Pivot: 0.8070

Nearest support levels:

• S1: 0.8060
• S2: 0.8050
• S3: 0.8035

Nearest resistance levels:

• R1: 0.8080
• R2: 0.8090
• R3: 0.8105

Note:

• Above Pivot: if the pair stabilizes above 0.8070, buyers may try to re-enter toward 0.8080, 0.8090 and 0.8105.
• Below Pivot: a break below 0.8070 would signal that the pullback is deepening, with downside levels at 0.8060, 0.8050 and 0.8035.
• Intraday view: after a fairly clean recovery phase, the latest rejection from the top of the move suggests a more cautious tone for the day unless the pair quickly regains upside traction.

USD, CHF