USD/CHF Bearish Flag Points to Deeper Losses Toward 0.8200
The USD/CHF pair is trading within a bearish flag pattern, which often signals a continuation of the prevailing downtrend. A break below the lower boundary of the flag could accelerate losses toward the 0.8200 region.
This level aligns with prior support zones and round-number psychology, making it a key focus for traders. The measured move of the pattern projects a decline toward the 0.8200 target, derived from the height of the initial flagpole.
The Relative Strength Index (RSI) remains in bearish territory, suggesting that momentum is still tilted to the downside. Immediate resistance is seen at the upper trendline of the flag, currently near 0.8400, followed by the 50-day moving average.