NZD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.63033, 0.63324, 0.63640.
Key Support Levels: 0.62519, 0.61905, 0.61000.
Daily Time Frame:
The price on the higher time frame failed to continue its downward movement below the strong support around the 0.62507 CHF mark where a huge bodied bullish bar has been left. We expect to see a new trend to the upside after this move.
NZD/CHF Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price succeeded to break the bearish to the upside with the help of the higher lows. this shows that the market is in a clear control by the bulls. A lower correction to the highlighted zone could be seen before a new bullish impulsive wave.
Buy Limit Order @ 0.62548
TP 1 @ 0.63033
TP 2 @ 0.63324
Stop Loss @ 0.62306
Trade Safely 🙂