USD/CHF remains below MA (200) H1

Today, on the hourly chart, the USD/CHF pair is showing attempts to recover from a sharp decline, but remains under pressure, trading below the key resistance level of 0.8270. Despite the local rebound, the movement structure remains bearish, as the price confidently holds below the moving average of MA (200) H1, passing around 0.8350. This zone, along with the 0.8310 and 0.8365 levels, represents an important barrier for the bulls in the event of an upward correction. The MACD is showing positive dynamics: the histogram is gradually growing and approaching zero, indicating attempts by buyers to seize the initiative. However, the current structure remains weak without a confident breakdown of the 0.8270 resistance. Overall, the pair is showing signs of stabilization, but the overall technical situation remains negative until the resistance range of 0.8270–0.8310 is overcome and a return above the moving average occurs.

Resistance levels are: 0.8270, 0.8310, 0.8365

Support levels are: 0.8210, 0.8185, 0.8115

The main scenario for the pair's advance suggests a decline to 0.8210 (May 21 low) and there may be a decline to 0.8185 (May 7 low).

An alternative scenario implies a breakout of the session high of 0.8270 (May 9 low) and there may be an increase to 0.8310 (low of the European session on May 20)