AUDCHF 11 03 2021
AUDCHF 11 03 2021
In the course of a strong uptrend, which originates back in October last year, the price was able to break through the strong support level - at that time resistance - 0.705. However, after the breakout, the price came to a strong resistance zone at 0.726. This zone is formed at the intersection of the resistance level and the strong line of 2007! From this zone, the price dropped several times to the support level, but rose again. And now it is within the resistance zone again. I expect that first of all it will complete the growth and touch the resistance at 0.726. Then it will fall again. So my final target is the 0.705 support zone.
In the course of a strong uptrend, which originates back in October last year, the price was able to break through the strong support level - at that time resistance - 0.705. However, after the breakout, the price came to a strong resistance zone at 0.726. This zone is formed at the intersection of the resistance level and the strong line of 2007! From this zone, the price dropped several times to the support level, but rose again. And now it is within the resistance zone again. I expect that first of all it will complete the growth and touch the resistance at 0.726. Then it will fall again. So my final target is the 0.705 support zone.
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