. There is still a possibility of temporary retracement to suggested resistance line (0.6125). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. 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 is at 55.
TP1= @ 0.6070
TP2= @ 0.6040
TP3= @ 0.6005
TP4= @ 0.5965
TP5= @ 0.5935
SL: Break Above R3
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