USDCHF facing bullish pressure, potential for more upside!

Price may face bullish pressure as it continues to hold above the H4 ascending trendline support. We could potentially see a bounce at our 1st support level at 0.93012 in line with our 38.2% Fibonacci retracement and 61.8% Fibonacci extension and a further rise towards our 1st resistance level at 0.93683 in line with -27.2% Fibonacci retracement and 61.8% Fibonacci extension. Our bullish bias is further supported by how Price is holding above the EMA and the Ichimoku cloud and MACD is holding the 0 line. Otherwise, Price may bearish to our 2nd support at 0.92501 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension.

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