Resistance is a price area where buying has previously been met by enough selling to stop or reverse a rise. Like support it is drawn as a zone, because the exact turn differs each time. Areas often swap roles: former resistance that has been passed can later behave as support, and vice versa.
Forex glossary
Resistance
Related term
Support
Support is a price area where repeated selling pressure has previously slowed or reversed a fall. It is an area rather than a single line, and its strength is o…
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