USD/CHF’s break of 0.8269 resistance suggests that pullback from 0.8394 has completed 0.8190. Intraday bias is back on the upside for retesting 0.9394 high. Firm break there will resume larger rally. On the downside, below 0.8190 will extend the fall towards 38.2% retracement of 0.7603 to 0.8394 at 0.8092.
In the bigger picture, rise from 0.7603 should at least be reversing the medium term trend. Focus is 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.
