USDCHF grow to resistance line

30 Nov 2020

For the last three months, price movement has been corrected by the support level and the resistance line.
The price is in a downtrend. Its fluctuations between the lines are reduced.

If we extend the lines, the price will fall into the triangle pattern.
Remember that minor breakouts are acceptable.
However, while the price has not yet formed a figure, it is too early to talk about its further movement outside the lines.
For now, the price can be expected to continue moving from line to line.

Now the price is in the support zone of 0.903.
The basis of this zone is the support level.
And for the last three months, the price has been trying to break it.
However, she always returned to growth.
I expect the price to rise to the resistance line now. The target is 0.913.

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