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Finchcliffe

NZDCHF: Breakout!

Long
New Zealand Dollar/Swiss Franc (FX:NZDCHF)  
Finchcliffe Updated   
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trend Analysis Chart Patterns Fundamental Analysis NZD chf NZDCHF swissie newzealanddollar
3
0
trendanalysis chartpattern fundamental nzd chf nzdchf swissie newzealanddollar
We've broken out of the long-term bearish trend.

I'm waiting for a retest of the descending trendline and then going for a buy.

This idea should be supported by fundamentals this week, with a dovish SNB and a hawkish NZB.
Comment:
Moving as expected, will be looking for my buy around the area circled, this is the retest of the broken trendline with the confluence of the 61.8 Fib:

snapshot
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