USDCHF: Rising Channel Continuation Toward the Target Zone

U.S. Dollar / Swiss Franc Long Updated yesterday 5 Grab this chart Grab this chart 4 4 141 3 days ago USDCHF is developing a bullish structure on the 1H timeframe , with price action now moving inside a rising channel formed within the broader Primary Triangle. The latest pullback reached the lower boundary of the channel together with the marked support / retest zone around 0.8010–0.8020. Buyers reacted from this area and pushed price back higher, keeping the sequence of higher lows intact. The next important step is confirmation above the 0.8020 area and continued acceptance inside the channel. As long as price holds above the lower channel boundary, the bullish structure remains valid and the pair can continue moving toward the upper side of the formation. The first local resistance is located around 0.8040, while the main projected target zone sits near 0.8065–0.8070, where price would meet the upper channel boundary. Resistance: 0.8040, 0.8065–0.8070 Support: 0.8020, 0.8010 A sustained move below the support zone and the lower channel boundary would weaken the current bullish scenario. yesterday Trade closed: target reached GOAL REACHED +34 PIPS DeGRAM Follow Following Harmonic Patterns Technical Indicators Trend Analysis Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.