NZD/CHF Potential Upward Movement

NZD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.63669, 0.63669, 0.64000.

Key Support Levels: 0.63266, 0.63119, 0.63000.

1-Hour Time Frame:

The price on the higher time frame succeeded to break the bearish trendline to the upside and rebounded above the strong support level around the 0.63271 CHF mark. This shows that the buyers are in control and might move the price upward toward the next key resistance level.

NZD/CHF Medium-Term Trend: Bullish

10-Mins Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 0.63288

Target Profit 1 @ 0.63478

Target Profit 2 @ 0.63662

Stop Loss @ 0.63098

Trade Safely 🙂