The USDCHF weekly chart exhibits a well-defined range-bound market structure, oscillating between a strong horizontal resistance around 0.9200 and a robust horizontal support near 0.8400. The price action is characterized by Elliott Wave sequences, with impulsive and corrective waves forming within this consolidation. Notably, the recent bearish leg has pushed the pair toward the horizontal support, aligning with a potential triple-bottom formation. If this support holds, we could see a bullish reversal, targeting the upper resistance zone once again. A confirmed bounce from this level would validate the long-term range, providing a potential long setup with an attractive risk-reward ratio. However, a breakdown below 0.8400 could indicate a structural shift, opening doors for further downside continuation. Traders should watch for confirmation signals such as bullish divergence or reversal candlestick patterns before entering positions.