Intraday bias in USD/CHF stays neutral first with focus on 0.8227 support. Strong rebound current level will retain near term bullishness for another rally through 0.8394 at a later stage. However, firm break of 0.8227 will indicate that a larger scale corrective fall is underway. Deeper fall should then been seen to 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.
