NZDCHF - Positive Divergence - 1st Target 0.63210

There is a formation of positive divergence pattern, which is drawn by joining lower lows in price chart and higher lows of RSI Indicator. This pattern indicates that there is a steady presence of buyers around this level and an entry around this level will yield good profits. Therefore, a trade can be placed with a stop loss of 0.61590 with 0.63210 as a first target and 0.64241 as a second target.

Disclaimer