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 (0.618). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.

Take Profits:
TP1= @ 0.6125
TP2= @ 0.6070
TP3= @ 0.6040
TP4= @ 0.5970
TP5= @ 0.5910

SL: Break Above R2

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