USDCHF – Bearish Continuation SetupUS Dollar/Swiss FrancFX:USDCHFNewOneCrypto#USDCHF – Bearish Continuation Setup Current price: 0.7958 The pair is forming a bearish continuation structure after a failed rebound attempt. The chart shows signs of renewed downside momentum, consistent with the broader corrective bias in USD pairs. 🧩 Technical Overview • The price was rejected from the 0.7980–0.8010 resistance zone after a corrective bounce. • A descending pattern remains intact, with lower highs confirming persistent selling pressure. • The structure suggests another potential downward swing as long as the pair stays below 0.7980. 📉 Scenario • The market appears to be setting up for a new impulsive leg lower, resuming the prior downtrend. • Stop-loss: above 0.7980, protecting against false breakouts. • Downside focus: – First support near 0.7920–0.7910 – Next zone at 0.7880 (0.786 Fib retracement) – Extended objectives at 0.7828 and 0.7780, aligning with Fibonacci projections. • A clean break below 0.7920 would confirm momentum continuation toward the lower levels. ⚙️ Market Context • The USD shows mild weakness as short-term yields stabilize. • CHF remains supported by risk-off sentiment and defensive flows. • Until price reclaims 0.8010, the pair is expected to stay under bearish pressure. 🧭 Summary USD/CHF maintains a bearish setup within the H4 structure. Below 0.7980, momentum favors continued downside toward 0.7880–0.7820, with an extended target near 0.7780. Trend bias: Bearish, unless price re-enters above 0.8010.