I've had the Bronco into my dealer 4 times now, and they've replaced 2 parts their diagnostic told them were bad, as well as transducer mentioned above, which was reading fine, but I bought one and got them to install it just to try and solve for this. Still, after ~15 minutes working on any...
Would you mind posting a photo where this is? My dealer has been pretty disappointing in getting this fixed so I'm going to just change this out and see what happens.
Did you ever get a resolution to this? I'm having the same issue, and it's getting really frustrating that it's intermittent enough to not be replicated at two different dealers.