FirstNameHelen

HelenP. I Swiss Franc can rebound down from resistance zone

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Hi folks today I'm prepared for you Swiss Franc analytics. A not long time ago price rebounded from resistance 2, which coincided with the resistance zone and tried to rise, but CHF failed and in a short time declined back. After this, the price broke resistance 2 and continued to decline inside the downward channel, where it later fell to resistance 1, which coincided with one more resistance zone. Then the Swiss Franc bounced from this level and some time traded near, but a few moments ago it broke this level too and fell to the support line of the downward channel. Also recently, CHF rebounded from this line and rose to the resistance zone, where it continues to trades to this day. For my mind, the Swiss Franc can make one more movement up inside the resistance zone, and then the price will continue to move down to the support line of the downward channel. That's why I set my target at the 0.8500 level, which is near the support line. If you like my analytics you may support me with your like/comment ❤️

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