NZDCHF - Vital resistance ahead
Updated
Price is moving towards a very crucial resistance, which is most likely to hold for the day. If it doesn't hold it is very unexpected from me to see buyers entering the market at this point, as pair is already overbought.
A correction to the downside is essential if we want to see a strong breakout of the resistance level.
Below you will see LTF outlook of what the bearish targets are and where new buyers are most likely to enter from.
A correction to the downside is essential if we want to see a strong breakout of the resistance level.
Below you will see LTF outlook of what the bearish targets are and where new buyers are most likely to enter from.
Note
4H Outlook - Target No.1 Note
Final Target - Where the bulls are entering againNote
That is a total of 165 pip move if happens. Let's see... Thanks for you time!
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