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1️⃣ 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.

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