ForecastCity_ME

💡 Don't miss the great sell opportunity in NZDCHF

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6367). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 25.

Take Profits:
TP1= @ 0.6286
TP2= @ 0.6255
TP3= @ 0.6227
TP4= @ 0.6173
TP5= @ 0.6118

SL: Break Above 0.639

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