themarketzone

Potential for pullback in $NZDCHF after reaching first target

FX:NZDCHF   New Zealand Dollar/Swiss Franc
The short setup sent to the Elite Zone members in $NZDCHF, reached first target level.
The fact that it is a daily support zone , 61.8 Fib level and profits taking level means that we have potential for a pullback move. You can also see that wee have daily trend line to support and upward move.
0.775 is a potential daily target level ( and a good place to look to sell for continuation move).

If the pair will continue to fall, it will reach secondary target level near 0.757.

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Nice reversal zone
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