Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
NZD/CHF: bears remain active
2019-11-11 • Updated
SELL 0.6560; TP 0.6530; SL 0.6570
NZD/CHF formed a bearish candlestick with a long lower shadow on W1. On D1, there was a “bearish engulfing” pattern followed by a bearish candlestick. It means that as long as the pair is trading below 0.6565 (resistance level marking a top), downside risks prevail.
The riskier New Zealand dollar skyrocketed and pushed the NZD/USD pair up to the resistance level of 0.7150. How to trade it now?
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