AUDCHF bullish momentum | 22nd Oct 2021

Price is abiding to an ascending trendline, signifying a bullish momentum. We can expect price to bounce up from the pivot in line with the grahpical overlap and ascending trendline support , towards the take profit in line with 78.6% Fibonacci retracement and previous swing high. Our bullish bias is further supported by the price holding above the Ichimoku cloud and RSI indicator abiding to the ascending trendline support.