Intraday bias in USD/CHF is mildly on the downside with breach of 0.8068 support. Rebound from 0.7948 could have completed at 0.8156. Deeper fall would be seen back to 0.7948 support first. On the upside, above 0.8156 will extend the rebound from 0.7948 to retest 0.8205 high.
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.
