gottimhimmel158

NZD/CHF Rejects 0.63 handle, turns lower.

Short
FOREXCOM:NZDCHF   New Zealand Dollar / Swiss Franc
The NZD/CHF rejected the 0.63 handle and turned lower. As of this writing, the NZD lost the 0.62 handle and is in the process of losing the 0.61 handle.

I'm looking for a minimum test of the 0.60 handle, where you can see clear resistance before price finally managed to close above. This serves as my first profit target on a short position.

If we get below the 0.6 handle convincingly, I'd be interested in layering on another short on a retest.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.