The USD/CHF pair has been consolidating within a narrow range of 0.794 to 0.797 on the H1 timeframe since June 12. Recent price action shows a bearish bias, with consecutive closes below prior highs and a decline in momentum. The last three candles (ending June 16) closed at 0.79541, 0.79485, and 0.79484, forming a descending pattern. Volume remains moderate but shows increased activity during the downtrend, confirming selling pressure. The current setup suggests a potential breakout below the key support level at 0.794, which has been a psychological floor for the pair. With the price near the upper end of…

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