USDCHF Testing the key resistance a potential decline downside

The USD/CHF pair is attempting to establish an uptrend; however, the weakness in the U.S. dollar continues to limit upside momentum. Price action is currently testing a key resistance area, and a potential decline from this level is being monitored.

Technically, the price momentum suggests a possible breakout scenario, but bearish pressure is intensifying as reflected in the broader Dollar Index (DXY) performance. If USD/CHF fails to sustain above the resistance zone and the RSI moves below its neutral range, it could trigger further downside movement.

A false breakout appears to be forming, and consolidation below key levels could accelerate selling pressure. In this case, the pair may target the 0.80006 and 0.79003 support levels in the near term.

You may find more details in the chart,
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