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Klimex
Jan 14, 2019 2:24 AM

NZDCHF Approaching Resistance, Potential Reversal Short

New Zealand Dollar/Swiss FrancFXCM

Description

NZDCHF is approaching its resistance at 0.6728 (100% Fibonacci extension, 50% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 0.6592 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is testing its resistance at 99% where a corresponding reversal could occur.

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