USDCHF D11️⃣ Market Context
USDCHF on the D1 timeframe continues to respect a long-term sideways range with clear rejection zones.
The pair is repeatedly failing to break above 0.8097 – 0.8130, which is your marked major supply zone.
Right now, price has tapped the zone, formed a lower high, and started to turn down → classic distribution behavior.
2️⃣ Key Levels
🔴 Resistance (Supply Zone)
0.8097 – 0.8130
This region has caused multiple rejections since July.
Sellers consistently dominate here.
🔵 Support Levels
0.7967 → mid-range liquidity zone
0.7828 → your target, major support + range bottom
These are exactly in line with previous swing lows and liquidity pools.
3️⃣ Market Structure
Price failed to break the higher high from early November.
Formed a lower high near resistance → bearish structure shift.
The current candle behavior shows momentum slowing and a likely bearish continuation pattern.
This suggests USDCHF may be entering a down cycle inside the range.
4️⃣ Expected Move (Matches Your Projection)
Your chart suggests:
✔️ Retest & rejection from 0.8090–0.8130
✔️ Downside continuation toward:
First support: 0.7967
Main target: 0.7828 (range floor)
This projection is highly valid based on:
Repeated rejections from supply
Lower high formation
No bullish structure break
Volume drop at resistance
5️⃣ Trading Bias
📌 Bias: Bearish
As long as price stays below 0.8097, bears stay in control.
