TradingView
Tradeciety
Jan 15, 2019 2:13 PM

NZDCHF - what's next 

New Zealand Dollar/Swiss FrancFXCM

Description

The NZDCHF just hit an important level and the previous support level could become the new resistance.

Momentum-wise, things are still looking more bullish than bearish but the market has put in a pause. Maybe due to BREXIT talks!? Many Forex pairs seem to be stuck in a range at the 4H timeframes.

As always, when the market is trading at those key levels, it is recommended to wait for a confirmed breakout and join the trend-continuation or wait for a confirmed rejection. I do not recommend trying to "predict" what COULD happen without seeing actual price action clues.

More