#USDCHF 19 04 2021
In March of this year, the price broke through the 0.918 level during the growth, thus starting a new upward trend. Let me remind you that the price moved below this level for almost a year, breaking through it during the fall in July 2020. Now, after the breakdown, the price continued to grow and even managed to break through the resistance line of 0.936. But after that, it stopped at a strong resistance zone of 0.946 where the lines of April and January 2019 intersect. The price dropped from this zone, broke through the resistance at 0.934 again and returned to the level of support at 0.918. Despite the strength of the resistance zone from which the fall began, I do not think that the price will be able to break through the level. I expect her to bounce off him and grow up again. So my final target is the 0.931 resistance line.
In March of this year, the price broke through the 0.918 level during the growth, thus starting a new upward trend. Let me remind you that the price moved below this level for almost a year, breaking through it during the fall in July 2020. Now, after the breakdown, the price continued to grow and even managed to break through the resistance line of 0.936. But after that, it stopped at a strong resistance zone of 0.946 where the lines of April and January 2019 intersect. The price dropped from this zone, broke through the resistance at 0.934 again and returned to the level of support at 0.918. Despite the strength of the resistance zone from which the fall began, I do not think that the price will be able to break through the level. I expect her to bounce off him and grow up again. So my final target is the 0.931 resistance line.