USDCHF breaks below 0.8000 as sellers maintain control at 200 MA

USDCHF continues its bearish momentum, trading below the critical 0.8000 psychological level after a failed recovery attempt during Asian trading. The pair briefly corrected higher to test the 200-bar moving average on the 4-hour chart at 0.7995, falling just short of reclaiming 0.8000 before resuming its decline. This rejection at the key technical resistance confirms strong selling pressure and suggests further downside potential. The break below 0.8000 represents a significant technical development, as this level has historically served as important support. Traders are closely monitoring whether the pair can establish support at current levels or continue its descent toward the next major support zone around 0.7950. The persistent strength in CHF reflects ongoing safe-haven demand amid global market uncertainties. Short-term traders should watch for any sustained break back above 0.8000 as a potential trend reversal signal.