AUDCHF 26 04 2021
The price has been moving in a confident upward turn. The only tangible channel breakdown occurred from February 2021 to March, when the price broke through the resistance line. However, in March of this year, it again broke through it already during the fall at the point 0.716 and returned to the growing channel. The price dropped in the channel and touched the support line at 0.703. Then it rebounded, but again reversed from the resistance line 0.715 - the line formed in the channel in October last year. After the reversal, the price touched the support line again at the 0.706 point and thus fixed on it. I expect that after fixing the price will continue to rise and come to the resistance line 0.721.
The price has been moving in a confident upward turn. The only tangible channel breakdown occurred from February 2021 to March, when the price broke through the resistance line. However, in March of this year, it again broke through it already during the fall at the point 0.716 and returned to the growing channel. The price dropped in the channel and touched the support line at 0.703. Then it rebounded, but again reversed from the resistance line 0.715 - the line formed in the channel in October last year. After the reversal, the price touched the support line again at the 0.706 point and thus fixed on it. I expect that after fixing the price will continue to rise and come to the resistance line 0.721.