NZD/CHF trade idea

• Major support – 0.7045 (4 H Kijun-Sen).
   
• The pair breaks the major trend line resistance at 0.7095 and jumped till 0.7148. NZD/CHF pared its entire gain for the high of 0.7148. It is currently trading around 0.7075.
   
• Short term trend is slightly weak as long as resistance 0.7150 holds.
   
• Any break above 0.7150 will take the pair till 0.7200/0.7230 in the short term.
   
• On the lower side, any break below 0.7045 will drag the pair down till 0.7000/0.6940 level.

 It is good to sell on rallies around 0.7100 with SL around 0.7151 for the TP of 0.7000/0.6950.

R1- 0.7150

 R2-0.7200

 R3-0.7230

Support

S1-0.7045

S2-0.7000

S3-0.6940