USDCHF 28 04 2021
At the end of March, the price touched a resistance zone consisting of April and January 2019 lines at point 0.946. After that, the price collapsed and a week ago made an important breakdown of the resistance level of 0.918. The price has already broken this level - during the fall in July 2020 and during the rise in March 2021. Now, after the breakdown of the level, the price tried to gain a foothold on it and grow. The price is supported by the strong line formed on the chart in June 2019. The price has already made two touches of this line and now bounced off it at the 0.910 point. Now the price is at the level and I expect it to be able to break through the 0.918 level, rise and come to the 0.930 resistance line. This will be our goal.
At the end of March, the price touched a resistance zone consisting of April and January 2019 lines at point 0.946. After that, the price collapsed and a week ago made an important breakdown of the resistance level of 0.918. The price has already broken this level - during the fall in July 2020 and during the rise in March 2021. Now, after the breakdown of the level, the price tried to gain a foothold on it and grow. The price is supported by the strong line formed on the chart in June 2019. The price has already made two touches of this line and now bounced off it at the 0.910 point. Now the price is at the level and I expect it to be able to break through the 0.918 level, rise and come to the 0.930 resistance line. This will be our goal.