FX:NZDCHF   New Zealand Dollar/Swiss Franc
NZDCHF looks to continue its bullish long-term trend after a few weeks of bearish momentum.

Price recently broke above the descending channel and the 4h EMA , suggesting a trend reversal. If price holds at the ascending channel support (around 0.6435), and fib level 78.6%, we could see bullish momentum really kick in, up to the 0.6545 level.

Entry checklist:
- rejection at ascending channel support and previous resistance around 0.6435
- rejection at 78.6% fib level
- bullish confluence among MACD and RVI

Comments

Right pair: You didn't see that this one is stuck in a bearish channel since February. it was on its way down and now it has reached the bottom of that channel. Wait to see if it now back up to the top of the channel or brakes because I think at some point it is going to break down
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