AUDCHF will fall after correction
The price has returned to the growing channel after a strong breakout last week.
Then the price jumped from the support level of 0.692 and broke through the resistance at 0.711.
This is a strong level and its breakout is a sign for continued growth.
After a false breakdown of the resistance at 0.711, the price returned to the channel.
The growing channel has existed since October 2020.
I expect the price to be:
- will be corrected to the resistance 0.714.
- will fall to support.
the target is 0.696.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Then the price jumped from the support level of 0.692 and broke through the resistance at 0.711.
This is a strong level and its breakout is a sign for continued growth.
After a false breakdown of the resistance at 0.711, the price returned to the channel.
The growing channel has existed since October 2020.
I expect the price to be:
- will be corrected to the resistance 0.714.
- will fall to support.
the target is 0.696.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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