Technical analysis of NZD/CHF
EUR/USD: bulls going to test nearest resistance
The price is still consolidating between the levels 1.0629 – 1.0678. Considering a possible reversal pattern, the market is likely going to test the nearest resistance at 1.0732. If a pullback from this level happens, there’ll be an opportunity to have a decline towards a support at 1.0655.
We’ve got a pullback from a support at 1.0629, so a “V-Bottom” pattern has been formed. In this case, bulls are likely going to reach the 89 Moving Average during the day. However, if a pullback from this line happens, bears will probably try to achieve the nearest support at 1.0655 – 1.0639.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.