BRTUSD H4: Bullish outlook seen, further upside above 75.50

Price is hovering above a key support zone of 75.50 on the H4 timeframe. A throwback to this zone, which is in line with the 78.6% Fibonacci retracement, could present the opportunity to ride the bounce to the resistance zone at 77.50, which coincides with the 61.8% Fibonacci extension level. Price is holding above the Ichimoku cloud and Stochastic RSI is in the oversold region below 20, supporting our bullish bias.