USD/CHF is in a strong long-term bearish trend, and the recent move up is likely a temporary correction, not a reversal. Price is currently testing the 0.7980–0.8000 resistance zone, which aligns with the upper boundary of a descending channel and could attract sellers. Unless the pair breaks and holds above 0.8050–0.8100, the bearish trend remains intact. A rejection in this area or a break below 0.7870 would confirm continuation to lower targets like 0.7790 and 0.7710. In short, it's a good setup to consider a sell, but wait for clear bearish confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.