AUDCHF 10 05 2021
At the end of April, the price broke through the resistance line 0.708 and thus left the ascending channel in which it had been moving since October 2020. After the channel breakdown, the price fixed on the July 2020 support line at 0.706. Now I expect it to touch the February 2021 resistance line at 0.710. And then it breaks the support and falls. So my final target is a strong 0.685 support line.
At the end of April, the price broke through the resistance line 0.708 and thus left the ascending channel in which it had been moving since October 2020. After the channel breakdown, the price fixed on the July 2020 support line at 0.706. Now I expect it to touch the February 2021 resistance line at 0.710. And then it breaks the support and falls. So my final target is a strong 0.685 support line.