NZDCHF: WEEKLY SCENARIO

Technical Analysis

NZDCHF Technical Analysis: Weekly Chart

NZDCHF Technical Analysis

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

It is trading below all SMA.

The immediate support is 0.6043 & the resistance level is at 0.6140.

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

NZDCHF Technical Analysis: Daily Chart

NZDCHF Technical Analysis

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

It is trading below all SMA.

The immediate support is 0.6079 & the resistance level is 0.6104.

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

How to Trade NZDCHF this Week:

NZDCHF will follow the downtrend until their trend reversal. So, remain bearish on NZDCHF.

TRADE SUGGESTION- SELL AT 0.6092, TAKE PROFIT AT 0.6079 AND STOP LOSS AT 0.6104

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