Intraday bias in USD/CHF remains mildly on the downside this point. Fall from 0.8394 could be correcting whole rally from 0.7603. Deeper decline would be seen to 38.2% retracement of 0.7603 to 0.8394 at 0.8092. On the upside, above 0.8629 minor resistance will turn intraday bias neutral first.
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.
