USDCHF is facing bullish pressure | 22 Mar 2021

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Prices are facing bullish pressure from ascending trendline support which coincides with our pivot level and 50% fibonacci extension as well as 78.6% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 161.8% fibonacci retracement. If prices break through the trendline, prices might take support on 1st support which coincides with 78.6% fibonacci retracement and 100% fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.