Following a sharp decline, USDCHF has not extended its sell-off but has instead shifted to a consolidation phase above short-term support. Repeated positive price reactions around the 0.8070 level suggest that buyers are gradually rebuilding their positions.

The macroeconomic backdrop also slightly favors the USD; the Federal Reserve maintains a cautious stance, while low inflation in Switzerland leaves the CHF lacking strong upward momentum.

If the price holds above 0.8070, the recovery could extend toward the 0.8160 area. A decisive break below this support level would undermine the bullish scenario.

I prefer to wait for buying interest around 0.8070, targeting the 0.8160 level.