Intraday bias in USD/CHF remains neutral for the moment. On the downside, decisive break of the channel support (now at 0.7928) will solidify the case that rebound from 0.7603 has completed with three waves up to 0.8205. Deeper fall should be seen to 0.7760 support next. On the upside, firm break of 0.8038 will bring stronger rebound.
In the bigger picture, rejection by 38.2% retracement of 0.9200 (2025 high) to 0.7603 at 0.8213 suggests rebound from 0.7603 is merely a corrective move, and the long term down trend is not complete yet. Break of 0.7603 will resume the down trend. Nevertheless, decisive break of 0.8213 will indicate that USD/CHF is at least reversing the medium term trend, and turn focus to 0.8332 support turned resistance (2023 low) for confirmation.
 will solidify the case that rebound from 0.7603 has completed with three waves up to 0.8205. Deeper fall should be seen to 0.7760 support next. On the upside, firm break of 0.8038 will bring stronger rebound.){kind=link}