USDCHF is moving in a descending channel, and the market has reaUSD/CHFOANDA:USDCHFMr1-5📉 USDCHF drifts in tight range as attention shifts to Fed Beige Book report The USD/CHF pair continues to trade inside a clear descending channel, with price recently touching the lower high area of the structure. This technical setup suggests sellers may step back in if macroeconomic conditions align. Let’s break down both the fundamentals and a short-term trade plan. 🔎 Macro & Market Drivers US Dollar Weakness → Expectations of a Fed rate cut in September (25bps) are capping USD strength. The Beige Book, JOLTS Job Openings, and NFP later this week will be decisive. Swiss Franc Outlook → Inflation remains subdued, keeping the SNB dovish. However, the upcoming Swiss CPI release could either weaken CHF further (if soft) or give it a temporary lift (if strong). Overall Sentiment → A tug-of-war: Dollar pressured by Fed policy, Franc capped by low inflation. This balance keeps USDCHF consolidating within its descending channel. 📊 Technical View Price is trading in a descending channel (H4). Market just reacted from the upper boundary (lower high area), suggesting renewed selling interest. Momentum supports the downside as long as price remains below 0.8060 – 0.8080 resistance zone. 🎯 Trade Plan Setup (Short-Term) Bias: Short (sell setup inside channel) Entry Zone: 0.8040 – 0.8060 (confirmation rejection from channel top) Stop Loss: Above 0.8100 (clear break of channel) Target 1: 0.7980 (near channel midline) Target 2: 0.7920 (channel bottom & recent swing low) Risk/Reward: ~1:4 – 1:5 if managed properly 📌 Final Takeaway USDCHF is consolidating in a descending channel, with fresh rejection at the lower high area providing a potential short setup. Fundamentals (Fed Beige Book, US jobs data, Swiss CPI) will likely act as catalysts for volatility. Short bias remains valid as long as 0.8100 holds. For traders, this is a clean risk-defined opportunity with room for 1:4–1:5 RR, but patience and careful news tracking are essential.