NZD/CHF retraces above 20-DMA, intraday bias bullish.
Technical studies have turned bullish. Scope for test of trendline resistance at 0.69.
Breakout at 0.69 will accentuate upside. Next major resistance lies at 0.6939 (Dec 4 high).
On the flipside, the pair finds immediate support at 20-DMA at 0.6843. Break below 55-EMA negates bullish bias.
Support levels - 0.6844 (20-DMA), 0.6790 (55-EMA), 0.6749 (110-EMA)
Resistance levels - 0.69 (trendline), 0.6915 (Feb 18 high), 0.6939 (Dec 4 high)
Good to go long on dips, SL: 0.6840, TP: 0.69/ 0.6915/ 0.6940
Technical studies have turned bullish. Scope for test of trendline resistance at 0.69.
Breakout at 0.69 will accentuate upside. Next major resistance lies at 0.6939 (Dec 4 high).
On the flipside, the pair finds immediate support at 20-DMA at 0.6843. Break below 55-EMA negates bullish bias.
Support levels - 0.6844 (20-DMA), 0.6790 (55-EMA), 0.6749 (110-EMA)
Resistance levels - 0.69 (trendline), 0.6915 (Feb 18 high), 0.6939 (Dec 4 high)
Good to go long on dips, SL: 0.6840, TP: 0.69/ 0.6915/ 0.6940
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.