USD/CHF Intraday Signal: Key Resistance at 0.8040
Analysis:
USD/CHF maintains a bearish intraday tone while trading below the key resistance at 0.8040. As long as this level caps the upside, sellers are likely to push the pair toward 0.7995 and 0.7980 in extension. Price action has repeatedly struggled to clear the pivot, signaling weakening bullish attempts and increasing downside pressure.
The RSI shows a mixed but slightly bearish configuration, reflecting fading upward momentum and a greater likelihood of bearish continuation if 0.8040 holds. A sustained rejection from this resistance zone would validate the move toward the lower targets.
Alternatively, a breakout above 0.8040 would invalidate the bearish setup and open the path toward 0.8055 and 0.8070, where new resistance levels await.
Trade Setup:
Enter: Short below 0.8040
Stop-Loss (SL): 0.8055
Target A: 0.7995
Target B: 0.7980
