The USD/CHF pair has continued its bearish momentum, currently trading near 0.8230 as shown on the daily chart, which aligns with the completion of a Wave (4) corrective structure under the Elliott Wave principle. The technical setup indicates that the market is now preparing for the final Wave (5) leg to the downside, suggesting further weakness toward the 0.8000 or possibly 0.7800 levels. This move is being supported by a broader bearish impulse sequence, despite the upbeat US Non-Farm Payroll (NFP) data for April. Interestingly, the US Dollar failed to gain traction from the strong employment report, likely due to market reactions to President Trump’s public pressure on the Federal Reserve to lower interest rates via Truth Social. Meanwhile, investors are now eyeing the upcoming Swiss Consumer Price Index (CPI) data scheduled for Monday, which could further impact the Swiss Franc's strength and drive the next leg of this anticipated downward wave.