As we head into the week starting August 12, 2024, the USD/CHF pair is setting up for potential bearish movement, driven by the anticipated release of key CPI data. Traders are positioning for a possible sell-off, with expectations that weaker inflation figures could lead to a softer stance from the Federal Reserve. This scenario may weaken the U.S. dollar, pushing the USD/CHF pair lower. Technical indicators are signaling a downside bias, making it a critical time for traders to watch for selling opportunities as the CPI data unfolds.