FxWirePro: NZD/CHF Trade Idea

NZD/CHF chart on Trading View used for analysis

FxWirePro Currency Strength Index for NZD/CHF: Bias Bullish
FxWirePro's Hourly NZD Spot Index was at 88.4353 (Bullish)
FxWirePro's Hourly CHF Spot Index was at -123.15 (Bearish)

Technical Analysis: Bias Bullish
- Momentum studies are bullish, RSI is above 60 levels
- Price action has broken above cloud
- The pair has bounced off support at 21-EMA
- We see +ve DMI dominance and MACD supports upside

Support levels - 0.6564 (cloud top), 0.6511 (23.6% Fib)
Resistance levels - 0.6587 (100-DMA), 0.6617(Aug 22 high),  0.6628 (38.2% Fib)

Recommendation: Good to go long on break above 100-DMA, SL: 0.6560, TP: 0.6625/ 0.67/ 0.6723 

For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.