JordanAadiel

NZDCHF Fibonacci Retracement levels

FX:NZDCHF   New Zealand Dollar/Swiss Franc
The price of NZDCHF is currently between the powerful 0.382 level and the not-so powerful, 0.236 level, which can also be viewed as temporary resistance and support barriers.

If the price surges through the 0.382 level, the sentiment is bullish and a long position can be opened with take profit being the above Fibonacci levels.

However, if the price drops below the 0.236 levels, the sentiment will then be bearish and short position can be opened aimed at the 0.0 Fibonacci level.

Only enter once a breakout is confirmed.

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