AUDCHF breakout and fall in channel
The price is in a strong growing channel.
The channel appeared in October last year.
During the growth in the channel, the price broke through the strong support level of 0.692.
The level gave the price an impulse for strong growth.
This is the reason for the breakdowns.
Over the past week, the price has made two false breakouts.
Now she is back in the canal.
The price is at the resistance 0.716.
I expect the price to drop to support.
The target is 0.697.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The channel appeared in October last year.
During the growth in the channel, the price broke through the strong support level of 0.692.
The level gave the price an impulse for strong growth.
This is the reason for the breakdowns.
Over the past week, the price has made two false breakouts.
Now she is back in the canal.
The price is at the resistance 0.716.
I expect the price to drop to support.
The target is 0.697.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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