NZD/CHF Technical Analysis

2020년 10월 19일

This pair is right now at a big support zone so here are 2 possible scenarios:

Long:
-If price rejects well this support, with a confirmation at least on a 1h timeframe;
-If it makes a consolidation and we see a good candle (1h timeframe at least) breaking to the upside;
-First target at 0.6060

Short:
-If price breaks the support with an impulsive candle at least on a 1h timeframe;
-If it consolidates and then breaks to the downside, breaking the support;
-First target at 0.5930

Always use stop losses and remember this is not financial advice