CHFPLN preparing a move or just testing everyone patience

CHFPLN continues to trade inside a developing upward structure after breaking out of a wide descending channel. The current pullback has brought the pair into the demand zone between 4.48 and 4.44 which aligns with the Fibonacci correction range at 0.5 and 0.618. Weekly oscillator divergence signals active buyers defending the lower boundary of the structure. The horizontal level at 4.50 also acts as support increasing the probability of a local reversal. As long as price holds above 4.44 the bullish continuation scenario remains valid. The main target is located near 4.86 which corresponds to the key resistance of the previous pivot. A breakdown of 4.44 may trigger a deeper correction however current price behavior and buyer reaction still favor a recovery.

The market may pretend nothing is happening yet demand zones rarely forget what they are designed to do.