NZDCHF push off resistance and fall
In early November, the price bounced off the support line 0.606.
This was the basis for strong growth.
Until the price came to the resistance zone.
At the end of the month, it touched the resistance line 0.638. And for some time she moved along it.
But then she fell. This movement is a correction for strong growth.
Now I expect the price to rise again towards the resistance zone.
The resistance zone to which the price will come is strong.
This is the intersection of two lines from 2015 and 2019.
In my opinion, the price will not be able to break through this zone (there is not enough support) and will fall to the support line.
The target is 0.617.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This was the basis for strong growth.
Until the price came to the resistance zone.
At the end of the month, it touched the resistance line 0.638. And for some time she moved along it.
But then she fell. This movement is a correction for strong growth.
Now I expect the price to rise again towards the resistance zone.
The resistance zone to which the price will come is strong.
This is the intersection of two lines from 2015 and 2019.
In my opinion, the price will not be able to break through this zone (there is not enough support) and will fall to the support line.
The target is 0.617.
--------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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