USD/CHF Downside Pressure Ahead of Key U.S.Labor Data (05.08.26)
USD/CHF has broken below a well-defined symmetrical triangle after repeated rejection from a bearish order block near the upper trendline. The breakdown is supported by a loss of short-term structure and price moving into the Fair Value Gap (FVG), increasing the probability of further downside continuation. As long as price remains below the broken triangle and bearish order block, sellers remain in control, with the next focus on the major support levels shown on the chart.
USDCHF
(SELL)
🔴 1st Support : 0.80213
🔴 2nd Support : 0.79920
🟢 Resistance Zone : 0.81050 – 0.81140
✅ Traders are focused on today's ADP Employment Report and ISM Services PMI as leading indicators before Friday's Non-Farm Payrolls.
⚠️ Disclaimer: This analysis is for educational purposes only.
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