NZD/CHF chart - Trading View
- NZD/CHF has pauses upside at major trendline resistance at 0.69.
- Decisive break above is required for further upside.
- The pair is extending break above 20-DMA. Technical studies have turned bullish.
- Stochs and RSI have turned bullish. MACD is on verge of bullish crossover on signal line.
- Breakout at 0.69 will accentuate upside. Next major resistance lies at 0.6939 (Dec 4 high).
- On the flipside, the pair finds immediate support at 20-DMA at 0.6843. Break below 55-EMA negates bullish bias.
Support levels - 0.6851 (20-DMA), 0.6795 (55-EMA), 0.6687 (200-DMA)
Resistance levels - 0.69 (trendline), 0.6915 (Feb 18 high), 0.6939 (Dec 4 high)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-CHF-extends-break-above-20-DMA-eyes-trendline-resistance-at-069-1508972) has hit TP1/2.
Recommendation: Book partial profits at highs. Watch out for breakout at 0.69 for further upside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
