. Forex trade idea & NZDCHF technical analysis by capital street fx

NZD/CHF FUTURE TECHNICAL ANALYSIS & TRADE SIGNAL

05 Apr 2022

NZDCHF Technical Analysis: Weekly Chart

forex technical analysis

In the weekly charts, NZDCHF is trading in an up channel.

It is trading above all SMA.

The immediate support is 0.6402 & the resistance level is at 0.6545.

NZDCHF is trading in the up channel until there is trend reversal.

NZDCHF Technical Analysis: Daily Chart

forex technical analysis

In the daily charts, NZDCHF is trading in a down channel.

It is trading above all SMA.

The immediate support is 0.6452 & the resistance level is 0.6491.

NZDCHF is trading in the down channel until there is trend reversal . 

How to Trade NZDCHF this Week:

NZDCHF will follow the uptrend until their trend reversal. So, remain bullish on NZDCHF.

TRADE SUGGESTION- BUY AT 0.6476, TAKE PROFIT AT 0.6491 AND STOP LOSS AT 0.6452