The USD/CHF pair is struggling to sustain recovery gains on Friday, trading just below the 0.8080 resistance — a level that previously served as key support. The US Dollar is drawing some safe-haven demand amid growing AI bubble fears, which have rattled global equities and increased market caution.

However, from a technical perspective, the rebound appears fragile. On the 4-hour chart, momentum indicators such as the RSI and MACD suggest waning bullish strength. More importantly, the daily chart has formed an “evening star” candlestick pattern, hinting at a potential deeper correction.

A decisive break below 0.8060 could expose the 0.8045 Fibonacci level (38.2%), with stronger support seen near the 0.8000 psychological mark. On the upside, a move above 0.8080 would open the door for a retest of 0.8125, followed by 0.8170.

Overall, the bias remains cautiously bearish, with the Dollar’s recovery vulnerable unless buyers reclaim ground above 0.8080.