Bears Target Sub-0.8000 Breakdown Toward 0.7900

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Bears Target Sub-0.8000 Breakdown Toward 0.7900USD/CHFOANDA:USDCHFTrade_ActionTechnical Overview Trend: Bearish. Current Price: Around 0.8040. Immediate Resistance: 0.8065–0.8080. Major Resistance: 0.8120–0.8135 (supply zone). Key Support: 0.8000. Major Support: 0.7920–0.7900 demand zone. Supertrend: Bearish, with price trading below the indicator. Price Action Price was rejected from the Supertrend resistance and failed to reclaim higher levels. A series of lower highs signals that sellers remain in control. The latest bearish candles indicate growing downside pressure as the pair approaches the psychological 0.8000 support. A decisive close below this level would confirm a continuation of the downtrend. Bearish Scenario If USD/CHF breaks and closes below 0.8000, sellers could target: Target 1: 0.7960 Target 2: 0.7920 Target 3: 0.7900 (major demand zone) This aligns with the projected bearish path shown on the chart. Invalidation The bearish outlook would weaken if buyers reclaim 0.8065 and secure a sustained close above 0.8080. A break above this resistance could shift momentum toward the 0.8120 supply zone. Conclusion USD/CHF maintains a bearish bias while trading below the Supertrend and beneath the 0.8065–0.8080 resistance area. A confirmed break below 0.8000 would likely accelerate selling pressure toward the 0.7920–0.7900 support zone.