USDCHF → Retest support with the aim of breaking through

USDCHF is also losing ground amid the dollar's decline. The price is testing the support of the range, a break of which could open the way to 0.811



USDCHF is consolidating, but at the same time, a local downward channel is forming. The currency pair is retesting support within the current downward movement. A pre-breakdown consolidation is forming relative to 0.819. The fall of the dollar is having a corresponding effect on the price.
Before continuing its decline, the currency pair may form a retest of 0.5 Fibonacci or close the FVG

Resistance levels: 0.825, 0.8275
Support levels: 0.819, 0.8117

The downward structure will break down when the price leaves the downward channel. However, at the moment, while the price is consolidating at the bottom of the trading range, I expect a breakdown of support in the short term, followed by a continued decline to 0.811 - 0.805

Best regards, R. Linda!