USD/CHF is still staying above 0.8227 support while fall from 0.8394 extends. Intraday bias remains neutral first. Further rise is expected as long as 0.8227 support holds. Firm break of 0.8394 will resume the whole rise from 0.7603. However, firm break of 0.8227 will indicate that a larger scale corrective fall is underway. Deeper fall should then been seen through 55 D EMA (now at 0.8200).
In the bigger picture, rise from 0.7603 should at least be reversing the medium term trend. Focus is now on 0.8332 support turned resistance (2023 low) for confirmation. Firm break there will target 61.8% retracement of 0.9200 (2025 high) to 0.7603 at 0.8590. For now, this will remain the favored case as long as 0.7948 support holds.
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