USD/CHF — Pullback After a Strong RallyUSD/CHFOANDA:USDCHFYong726USD/CHF — Pullback After a Strong Rally, But Bulls Are Still Defending the Structure 1. Market Overview USD/CHF is trading around the 0.8050 area after a strong rally from the lower range. The pair previously pushed sharply higher and reached the 0.8120–0.8140 zone before losing momentum and pulling back. After the correction, buyers stepped back in near the 0.8020–0.8030 area, creating a short-term rebound. However, price is now trading below the recent high, which means the market is still deciding whether this is a healthy pullback inside a bullish trend or the beginning of a deeper correction. 2. Market Structure From a market structure perspective, USD/CHF is still in a bullish structure, but short-term momentum has weakened. The broader 4H trend has been supported by a sequence of higher highs and higher lows, especially after the strong breakout above the 0.8000 psychological level. This showed that buyers had control. However, the recent rejection from 0.8120–0.8140 and the sharp pullback suggest that sellers are starting to react near the upper zone. The structure remains constructive as long as price holds above the key support area, but buyers now need to reclaim resistance to confirm continuation. 3. Daily / 4H Multi-Timeframe View On the 4H timeframe, USD/CHF is currently in a rebound phase after the recent pullback. Price is trying to recover from the 0.8020–0.8030 area, but it is still below the short-term resistance around 0.8070–0.8100. From a broader daily perspective, the pair still looks stronger than before because it has recovered above the 0.8000 level. However, the daily structure needs more confirmation. If price fails to hold above 0.8000, the broader recovery could lose strength. In short, the 4H structure is still bullish-to-neutral, while the higher-timeframe picture remains constructive but not fully confirmed. 4. Key Resistance 0.8070–0.8100 This is the immediate resistance zone. Buyers need to break above this area to regain short-term momentum. 0.8120–0.8140 This is the recent high area and a key supply zone. A breakout above this zone would confirm that bulls are regaining control. 0.8160–0.8200 This is the next major upside target zone if the bullish continuation strengthens. 5. Key Support 0.8030–0.8020 This is the nearest short-term support zone. Price recently reacted from this area, so it is important for keeping the rebound structure alive. 0.8000 This is the key psychological support level. Holding above this level would keep the broader recovery structure intact. 0.7960–0.7940 If price breaks below 0.8000, this becomes the next important support zone. A move into this area would suggest that correction pressure is increasing. 6. Momentum & Volatility Check Momentum is currently mixed. The broader trend still favors buyers, but the recent pullback from the highs shows that bullish momentum has slowed. The rebound from 0.8020–0.8030 is positive, but the move is not yet strong enough to confirm a full continuation. Volatility increased during the sharp pullback, but price is now stabilizing. This means USD/CHF may be preparing for its next directional move. A breakout above 0.8100 would improve momentum, while a break below 0.8020 would weaken the recovery attempt. 7. Bullish Factors The first bullish factor is that USD/CHF remains above the key 0.8000 psychological level. The second positive sign is that buyers reacted around 0.8020–0.8030, preventing a deeper breakdown for now. The third factor is that the broader 4H structure has not fully turned bearish yet. As long as price continues to hold above 0.8000, buyers still have a chance to rebuild momentum. A confirmed breakout above 0.8100 would be a strong signal that bullish continuation is returning. 8. Bearish Risks The main bearish risk is the rejection from the 0.8120–0.8140 high area. That rejection showed that sellers are active near the upper zone. If USD/CHF fails to reclaim 0.8070–0.8100, the current rebound may lose strength. A break below 0.8020 would weaken the short-term structure, while a clean move below 0.8000 would suggest that the broader recovery is starting to fail. 9. Bullish Scenario If USD/CHF holds above 0.8030–0.8020 and breaks above 0.8070–0.8100 with confirmation, buyers may push price back toward 0.8120–0.8140. If price breaks and holds above 0.8140, the next upside target would be 0.8160–0.8200. A sustained move above 0.8200 would confirm stronger bullish continuation. 10. Bearish Scenario If USD/CHF rejects from 0.8070–0.8100, short-term selling pressure may return. A break below 0.8020 could send price back toward the 0.8000 psychological level. If 0.8000 fails to hold, the pair may move lower toward 0.7960–0.7940. A clean break below 0.7940 would weaken the bullish structure more clearly and could open the door for a broader correction. 11. Market Sentiment Market sentiment is currently neutral to cautiously bullish. The broader structure still favors buyers, but the recent rejection from the highs has made the short-term picture more cautious. Buyers need to defend 0.8000 and reclaim 0.8100 to regain stronger control. Above 0.8100, bullish momentum may improve. Below 0.8000, correction risk may increase. 12. Trading Plan Style Summary Plan: * Above 0.8100: bullish momentum may strengthen. * Between 0.8020 and 0.8100: consolidation and recovery testing may continue. * Below 0.8020: short-term bearish pressure may return. * Below 0.8000: the broader recovery structure may weaken. The key level to watch is 0.8000 on the downside and 0.8100 on the upside. These two levels may define the next directional move. What do you think? Will USD/CHF reclaim 0.8100 and retest the 0.8120–0.8140 resistance zone? Or will sellers defend the rebound and push the pair back below 0.8000? Please share your view below.