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.
--------------------
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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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