NZD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.65040, 0.65436, 0.65651.
Key Support Levels: 0.64537, 0.64117, 0.64000.
The price on the higher time frame found support around the 0.64117 CHF mark where it coincides with a 50% Fibonacci retracement level. The market moved higher and managed to break the daily resistance around the 0.64537 CHF level and it is expected to continue upward toward the next key level.
NZD/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the bearish channel to the upside after posting higher lows and a series of big, bodied candlesticks. The pair is traded above the 0.64537 CHF mark where a lower correction could be seen to his area before a new bullish impulsive wave toward the target profit.
Buy Limit Order @ 0.64556
TP 1 @ 0.65027
TP 2 @ 0.65436
Stop Loss @ 0.64434
Trade Safely 🙂