USD/CHF: The "Kiss of Death" Retest! Sell Area at 0.7900USD/CHFOANDA:USDCHFLingridThe Macro View 🛰️ USD/CHF continues to operate within a massive, multi-month descending structure. While the Dollar saw a brief resurgence in March, the technical "ceiling" remains undefeated. We are currently witnessing the transition from a local corrective rally back into the primary bearish trend. The Setup: Channel Breakdown & Retest 🧩 The Ascent: Throughout March, price climbed steadily within a well-defined Ascending Channel (the shaded green/brown zone). The Fracture: That channel support was decisively broken in early April, shifting the local market structure from bullish to bearish. The Opportunity: We are now seeing a relief rally back toward the "scene of the crime." The red box labeled "Sell area" (around 0.7880 – 0.7900) is a high-confluence supply zone where the broken channel support meets the macro descending trendline. The Roadmap: Destination 0.7700 🎯 Following the blue projection on the chart, the path of least resistance is now pointing aggressively lower: The Entry Zone: 0.7880 – 0.7910 (Red Box). Primary Target: 0.7700 (The lower boundary of the macro broadening wedge). The Logic: In a broadening structure, after a failed breakout at the top, price typically seeks the liquidity at the very bottom of the range. Invalidation: A sustained daily close above the 0.7950 handle would negate this bearish setup.