USDCHF Bullish burst 24th Aug 2021

Price is holding above the ascending trendline support, price is expected to rally upwards towards the resistance in line with the 78.6% Fibonacci extension from the pivot level in line with the 38.2% Fibonacci retracement level . Our bullish bias is further supported by the stochastic chart approaching the strong support which would potentially bounce off and lead on a bullish momentum.