On the M5 chart the USD/CHF pair has been carving a clear bullish channel since the start of the window. Higher highs from 0.808 → 0.813 and higher lows around 0.809 → 0.812 demonstrate strong upward momentum. Volume spikes on the 0.811‑0.812 candles (≈300‑350 contracts) confirm the buying pressure, while the modest pull‑back at 0.8095 was accompanied by lower volume, indicating a healthy retracement rather than distribution. The next logical target lies at the recent ceiling near 0.8127, a resistance that held twice in the last 12 hours. A break above this level on sustained volume would likely open the…

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