#USDCHF 24 03 2021
After the price was able to break through the support zone near the level of 0.918 in early March, it rose strongly and eventually came to the resistance zone at the 0.936 line. This line was formed in 2019 and after the first touch, the price collapsed back to the support zone. However, moving between support and resistance, the price rose again to the 0.936 line. I expect the price to reverse from this line and fall towards the support zone. Thus, my final target is the 0.918 support zone.
After the price was able to break through the support zone near the level of 0.918 in early March, it rose strongly and eventually came to the resistance zone at the 0.936 line. This line was formed in 2019 and after the first touch, the price collapsed back to the support zone. However, moving between support and resistance, the price rose again to the 0.936 line. I expect the price to reverse from this line and fall towards the support zone. Thus, my final target is the 0.918 support zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.