USDCHF Overview.

The USD/CHF 1-hour chart shows a bearish setup where liquidity engineering at the 0.84801 level has already been tapped. This indicates that the market may have swept liquidity and is now preparing for a continuation of the downward trend. After this liquidity grab, the price has pulled back toward the support zone and is showing signs of weakness, suggesting that sellers are gaining control.

Given the overall bearish structure and the recent break of structure (BOS) around 0.84400, it's likely that the price will resume its downward movement. The next significant move is expected to be a breakdown from the current consolidation, targeting the 0.83800 level as the final downside objective.

So I think everyone should watch for a bearish rejection around the current support area, with a stop-loss placed slightly above the recent highs around 0.84600 to manage risk.

USDCHF
Supply and DemandSupport and ResistanceTrend Analysis

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