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NZD/CHF Potential Upward Movement

NZD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.63129, 0.63363, 0.63917.

Key Support Levels: 0.62511, 0.62254, 0.62110.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish channel to he upside where a series of higher highs and lows has been posted. A correction also see toward t he 0.62501 CHF mark which shows that now we are in a new bullish impulsive wave.

NZD/CHF Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the price succeeded to break the consolidation phase to the upside where the price showed higher lows and highs indicating that the market is controlled by the market. We might see a slight lower correction before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 0.62793

TP 1 @ 0.63097

TP 2 @ 0.63363

Stop Loss @ 0.62666

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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