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 123.296 (Bullish)
FxWirePro's Hourly CHF Spot Index was at -65.2704 (Neutral)

Technical Analysis: Bias Bullish
- Price action holds above 200-DMA support and is above daily cloud and major moving averages
- Momentum studies are bullish, RSI and Stochs are sharply higher
- MACD supports upside, we see +ve DMI dominance
- Pair has broken above 61.8% Fib after brief consolidation

Support levels - 0.6817 (61.8% Fib), 0.68 (5-DMA), 0.6744 (200-DMA)
Resistance levels - 0.69, 0.6952 (78.6% Fib) 

Recommendation: Good to stay long on dips, SL: 0.68, TP: 0.69/ 0.6950

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