Intraday bias in USD/CHF remains on the upside at this point. Pullback from 0.8205 has completed as a correction at 0.7948. Further rise should be seen to retest 0.8205 first. Firm break there will extend larger rally from 0.7603. For now, further rally is in favor as long as 0.8025 minor support holds, in case of retreat.
In the bigger picture, focus is back on 38.2% retracement of 0.9200 (2025 high) to 0.7603 at 0.8213. Decisive break there 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. Meanwhile, rejection by 0.8213 will suggest that rebound from 0.7603 is merely a corrective move, and the long term down trend is not complete yet.
