NZDCHF - Daily Time Frame
Continuing in a downwards trend, market closed at 0.64217 -1.08%
Price is potentially still heading down to the area of 0.63200 with a further decline to the area of -23% on fib level.
This should give a nice rally up to 0.69000 or even longer 0.71000
* This profile is for educational purposes ONLY!
* The trade idea given is my...
. There is a possibility of temporary retracement to suggested support line (0.6593). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. NZDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.