AUDCHF: The price is still Growing in the CHANNEL

FX:AUDCHF   Australian Dollar / Swiss Franc
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🟢Forex Pair:

Technical Analysis:
Since the 27th of January 2021, the price has been moving following an interesting ascending channel , once it reached and got a quick rejection on the support zone at about 0.67500.
It bounced few times on its dynamic channel's lines, that would confirm the validity of that pattern and it's currently retesting the S/R zone at about 0.68200.
The next price action around that area will be essential to understand the next market movement.

The current S/R zone rejected the price many times since December 2020 and I'm confident to see an upcoming new bullish impulse, moving the price up inside its channel, trying to reach the next resistance zone at about 0.69000.
I'll be waiting for a proper rejection on the current level before planning my long position on this trade.

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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

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Great job
+1 Reply
FXtrades-gp Investroyllc
@Investroyllc, thanks so much!!
I like how you've tackled this analysis.
+1 Reply
@abel11, oh, what a pleasure! :) thank you
Thanks for sharing this too
+1 Reply
FXtrades-gp Samoburger
@Samoburger, you're welcome! thanks so much
yes mate totally agree!
+1 Reply
FXtrades-gp TopTradingSignals
@TopTradingSignals, I'm glad to hear that! :)
yes mate totally agree!
+1 Reply
FXtrades-gp ProSignalsFx
@ProSignalsFx, many thanks! are u holding a position?
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