Bullish Analysis for USD/CHFUSD/CHFOANDA:USDCHFImmaculateTonyKey Support Level Confirmation The pair has recently bounced off the major support zone at 0.8065 (marked as "Major Support Zone" on your chart). This is significant because: This support has been tested multiple times since early 2025 The current weekly candle shows a strong bullish bounce from this level This zone has proven reliable as price repeatedly respects it Technical Structure Analysis Looking at the broader chart structure: Double Bottom Formation: The recent price action has created what appears to be a double bottom pattern around the 0.8065 support zone, with two distinct bounces visible on your chart. ATR Bands Support: The green ATR bands (from the Fractal Trendlines indicator) are providing additional support, with price finding a floor at the lower band boundary. Bullish Stochastic Divergence: In the weekly timeframe (bottom right chart), the Stochastic oscillator shows a bullish signal as it's turning up from oversold territory (below 20). Price Zones and Targets Based on the visible structure, here are the key levels to watch: Current Support: 0.8065 (Major Support Zone) - holding strongly First Resistance: 0.8550 (Key Resistance level) Major Resistance: 0.9000 (Strong Resistance level) The recent bullish bounce suggests a potential move toward the 0.8550 resistance level before encountering significant selling pressure. Bullish Catalysts to Watch Improved Technical Posture: The pair is moving away from oversold conditions based on the weekly Stochastic indicator. Historical Support Holding: This price zone (0.8065) has consistently provided support dating back to early 2025, suggesting accumulation at these levels. Parabolic SAR Potential Flip: The Parabolic SAR dots (green dotted line in lower right chart) are still above price but could flip below on continued strength, which would confirm the bullish trend. Risk Management Considerations While the outlook is bullish, key risk levels include: Stop Loss Level: Below 0.7950 (below the recent low) Invalidation Point: A weekly close below the major support zone at 0.8065 Summary The ^USDCHF appears to be at an important inflection point with a bullish bias. The established support at 0.8065 has proven reliable, and multiple technical factors suggest a potential move higher. The clear "Bullish opportunity zone" marked on your chart aligns with this analysis, showing potential for upside movement.