USDCHF London briefing — 2026-05-06

BIAS BEARISH. H4 and H1 EMAs aligned downside; RSI neutral but price respects lower structure on D1. KEY LEVELS R: 0.785, 0.79, 0.79251 | S: 0.78, 0.77763, 0.775 NEWS 🔴 ADP Employment Change — 12:15 UTC 🟡 Fed's Musallem Speech — 13:30 UTC 🔴 MBA Mortgage Applications — 11:00 UTC SESSION OUTLOOK ADP and Fed rhetoric drive intraday volatility. Watch support holds at 0.78 amid USD strength narrative shifts. PRO UNLOCKS [Exact entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets — unlock with Pro]

Key Levels

R: 0.78500 · 0.79000 · 0.79251

S: 0.78000 · 0.77763 · 0.77500