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NZDCHF BULLISH CONTINUATION FROM KEY LEVEL

Long
FX_IDC:NZDCHF   NEW ZEALAND DOLLAR / SWISS FRANC
NZDCHF is very bullish from the beginning of October.
Setting a new high last week the price retraced to a key level.

Retesting key support the price started to grow.
Bulls managed to violate a falling wedge pattern, and duplicate the bullish breakout.
Expect new wave upward to the key resistance level .
The bias for the NZD remains firmly titled to the upside, and as rates keeps rising

Also note that the RBNZ delivered on expectations to raise the OCR to 0.50%. As the hike was already fully priced, the lack of new hawkish tones we saw a textbook buy-the-rumour-sell-the-fact reaction in the NZD pushing lower.


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