FX.co ★ blaise.rogahn | USD/CHF

Technical analysis of the pair on a 5-minute chart. Short-term. Here, the price forms a double bottom at the level of 0.7795, reacting to the timeframe low from there, or slightly below, preparing to correct upwards. The price will test the large blue zone. It may fully retrace within the blue zone. Above, the price has reference points - moving average resistance levels - the red line at 0.7855 and the black line at 0.7880. The price may break above the black MA and continue to test the large blue zone.