⚠️ AUDCHF growth in the channel
The price has been rising in the channel since October last year.
The only continuous channel breakdown occurred from February to March 2021.
The price first broke through the resistance at 0.707.
Then it stopped at the strong level 0.725.
And after a short movement between the line and the level, it returned to the channel, breaking through the resistance of 0.718.
After the breakdown of the 0.718 line, the price stopped at the support 0.709.
And twice entrenched on it.
This line is December 2020, in its area the price is often corrected.
I expect the price to break through the support at 0.714, consolidate on it and fall to the trend support of 0.706.
Then it will rise to the resistance level.
The target is 0.725.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The only continuous channel breakdown occurred from February to March 2021.
The price first broke through the resistance at 0.707.
Then it stopped at the strong level 0.725.
And after a short movement between the line and the level, it returned to the channel, breaking through the resistance of 0.718.
After the breakdown of the 0.718 line, the price stopped at the support 0.709.
And twice entrenched on it.
This line is December 2020, in its area the price is often corrected.
I expect the price to break through the support at 0.714, consolidate on it and fall to the trend support of 0.706.
Then it will rise to the resistance level.
The target is 0.725.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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