USDCHF Intraday Signal: Resistance Pressure Below 0.7830
Analysis
USDCHF on the 1-hour timeframe has recently formed a recovery move after establishing a strong demand base around 0.7750–0.7760. From that liquidity zone the market produced a bullish Change of Character (CHoCH) and started pushing higher with several bullish impulses.
The rally has now reached the 0.7820–0.7830 supply zone, which previously acted as a resistance area. The chart shows price approaching this region while forming a weak high, indicating that the bullish momentum may be slowing down as the pair enters institutional supply.
Currently, price is trading around 0.7822, directly under this resistance. The move upward appears to be a retracement into liquidity, rather than a confirmed bullish breakout. If the market fails to break and hold above 0.7830, sellers may begin to defend this zone.
From a structural perspective, the market is still moving inside a corrective range, and the supply zone near 0.7830 remains the key level to watch. A rejection from this area could trigger a downside move toward the nearest demand zones.
The first downside objective sits near 0.7795–0.7800, which represents the closest liquidity support. A deeper move could extend toward 0.7760, where a stronger demand area previously generated buying pressure.
As long as USDCHF remains below 0.7830, the intraday bias favors a bearish reaction from resistance.
Trade Setup
Enter: Sell below 0.7815
Stop-Loss (SL): 0.7845
Target A: 0.7795
Target B: 0.7760
