NZDCHF is still a good buy, we have inflation report next week and I forecast it positive and NZD will fly up. NZD is the star for next week. Thanks for the thumps up, this analysis takes time and effort so I appreciate the thumps up and feed back.
NZDCHF is still going beneath the green trendline for its wave 5.
This new wave is looking down maximum for 870 pips.
We may not hold a trade till the end of the arrow.
Things change in such long time.
But we use is as a direction to find out trading opportunities that has great position to open with a small SL and reasonable RR ratio.
LESS IS MORE!
NZDCHF is another pair related to NZD that is falling down.
This one is going down after a top ABCD wave with E targeting 350 pips lower .
Trade with care and STOP LOSS.
Good luck with FOMC later.
LESS IS MORE!
Kiwi index is approaching its support at 6.9441(61.8% Fibonacci extension , horizontal swing low support, 61.8% Fibonacci retracement ) where it could potentially bounce to its resistance at 7.0079 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur....
I am currently short on NZD/CHF.
It looks like the former support was broken, a pull-back occurred and it looks like price is going to fall @ at least the previous support.
My target is 0.67240-ish.
Trade with care.