USD/CHF: The Party's Over! Channel Breakdown Targeting 0.7720USD/CHFOANDA:USDCHFLingridThe Macro View 🛰️ USD/CHF has spent the last several months navigating a complex, large-scale descending structure. While the recent rally felt strong, it’s important to remember that we are still operating under the shadow of a much larger bearish bias. The Setup: Channel Breakdown 🧩 The Ascent: Throughout March, the pair climbed steadily within a well-defined Ascending Channel. The Breakdown: A few days ago, the floor gave way. Price broke cleanly below the channel support, signaling that the buyers have finally run out of steam. The "Kiss of Death": Price has now pulled back to retest the previous channel support (now acting as resistance). Notice the red box—this is our high-confluence supply zone where the macro trendline meets the local breakout point. The Roadmap: Destination 0.7720 🎯 As indicated by the blue projection, the path of least resistance has shifted aggressively to the downside: Immediate Resistance: The 0.7920 – 0.7940 zone must hold. Primary Target: A slide back toward the lower macro support line, currently sitting near 0.7720 – 0.7740. Invalidation: A sustained daily close back inside the ascending channel (above 0.7960) would negate this bearish thesis.