NZD/CHF chart - Trading View
NZD/CHF has paused upside after break above 55-EMA at 0.6594, bias is bullish.
The pair finds stiff resistance at daily cloud base and falling trendline at 0.6615.
Technical indicators are biased higher. Momentum studies are bullish, RSI shows strength at 58 levels.
Volatility is rising and breakout at 0.6615 resistance will propel the pair higher.
Next major bull target lies at 0.6644 (110-EMA) ahead of 200-DMA at 0.6697.
Retrace below 55-EMA will see dip till 20-DMA at 0.6539. Violation at 20-DMA will see downside continuation.
Support levels - 0.6583 (5-DMA), 0.6561 (21-EMA), 0.6539 (20-DMA)
Resistance levels - 0.6615 (cloud base and falling trendline), 0.6644 (110-EMA), 0.6697 (200-DMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
