CHF: Any test should meet a strong defensive response

$CHF – Technical Outlook Good upside momentum yesterday and follow‑through today has pushed the market firmly higher, with price already challenging a key confluence zone where the 55‑day MA and the 50% Fibonacci retracement meet at 0.7822/25. We are currently trading above the Daily Pivot (0.7758). A pullback toward the DP during the session would be natural, especially if early buyers take profits into the 0.7822/25 resistance area. That profit‑taking could attract short‑term sellers looking for a rotation back toward the pivot. If, however, buyers defend dips and decide the market has more room to run — and the technical structure supports continuation — then upside targets come in at 0.7843 and 0.7895. On the downside, I expect buyers to be waiting at the DP at 0.7758. This support is unlikely to give way easily, and any test should meet a strong defensive response.