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FXCM
Mar 12, 2021 8:49 AM

NZDCHF is facing bullish pressure, potential for further upside! Long

New Zealand Dollar/Swiss FrancFXCM

Description

NZDCHF is facing bullish pressure from ascending trend line support. Prices might bounce off 1st support which is in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push towards 1st resistance which is a horizontal swing high resistance which coincides with 61.8% Fibonacci extension. If prices fall through, it might reach 2nd support which is tagged to a horizontal swing low support which coincides with 100% Fibonacci extension. Stochastics is also approaching support level of 2.19 before a bounce could be seen.
Comments
rewaducttinc
Thanks for the good analysis once again!
tymxvgewsi
what is the next target now ? Can I long more now or wait ?
tpfupgyofc
Thanks FXCM!
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