FX.co ★ Daily Video Analysis: USDCHF holding above trendline, potential for further upside!

Today we take a look at USDCHF. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. USDCHF is holding above the ascending trendline support and Ichimoku cloud, showing bullish pressure in line with our bullish bias. We could potentially see a bounce at our entry level, in line with our 61.8% Fibonacci retracement and 127.2% Fibonacci extension, and further push up towards our take profit levels.