USDCHF → Retesting resistance will lead to a decline

USDCHF , having failed to reach its global target after breaking through support, is turning back to retest the zone of interest at 0.8157. A fall in the dollar could trigger a decline in prices...



After breaking through support and falling to 0.8055, a correction is forming towards the zone of interest and liquidity at 0.8157. After reaching the local target, the price may return to the global target (liquidity zone) at 0.8042.
The dollar returned to its downward phase at the opening of the session, to which the forex market reacted accordingly. Most likely, bearish pressure may also affect the USDCHF currency pair, which continues to follow the downward trend.

Resistance levels: 0.8157
Support levels: 0.8055, 0.8042

A retest of resistance amid high volatility could form a false breakout (liquidity capture) before the decline continues within the downtrend.

Best regards, R. Linda!