FxWirePro: NZD/CHF Trade Idea

FxWirePro Currency Strength Index for NZD/CHF: Bias Bearish
FxWirePro's Hourly NZD Spot Index was at -95.4927 (Bearish)
FxWirePro's Hourly CHF Spot Index was at 67.48 (Neutral)

Technical Analysis: Bias Bearish
- Upside rejected at 110-EMA
- Pair has failed to close above 200-DMA
- Bearish divergence on Stochs
- MACD biased lower, RSI below 50

Support levels - 0.6894 (5-DMA), 0.6865 (61.8% Fib), 0.6817 (Mar 21 low)
Resistance levels - 0.6918 (200-DMA), 0.6935 (110-EMA), 0.6962 (38.2% Fib)

Recommendation: Good to stay short on rallies around 0.69, SL: 0.6940, TP: 0.6865/ 0.6820/ 0.68

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