Key levels: 0.6520
Price is forming a corrective descending channel for 13 months.
Currently, the price is facing resistance at the upper band of the parallel channel.
As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y) . Price has completed the intermediate wave (x) and started falling for the final wave (Y).
Traders can...
Is am relying on MACD and RSI for this trade so this is a strict technical analysis.
Currently MACD/SIGNAL are heading for a zero line cross. If this takes place smoothly we will see a breach and continuation through .64400. RSI will break resistance and breach overbought zone.
If the cross is interrupted we may see a pivot at .64400 to retest .64100. If this...
