NZD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.65505, 0.65727, 0.66311.
Key Support Levels: 0.64666, 0.64120, 0.64000.
The price on the higher time frame failed to break a strong support level around the 0.64670 CHF mark where an engulfing bullish pattern has been posted. This indicates that the bulls took control and they might push the price to the upside toward the next key resistance level.
NZD/CHF Medium-Term Trend: Bullish
On the lower time frame, the price posted succeeded to break the bearish channel after the Wyckoff accumulation phase where the buyers managed to overwhelm the sellers. A lower correction could be seen before a new impulsive wave toward the target profits.
Buy Market Order @ 0.64850
TP 1 @ 0.65386
TP 2 @ 0.65727
Stop Loss @ 0.64650
Trade Safely 🙂