NZD/CHF is at the important border

NZD/CHF is at the important border

2019-11-11 • Updated

On H4 of NZD/CHF, the pair has been trading near the important border of the trendlines. The pair was boosted by the RBNZ meeting where the central bank skipped a risk of the rate cut. Trendlines put pressure, however, if the price stays above 0.64965, we may see a rise to the levels of the 0.6507-0.6514 range. To be sure in the further rise, the pair needs to stick above 0.6514, then we can anticipate an increase to 0.6539.

As the pair is trading near the trendline and previous picks of the rebound, we may see a correction. Bears need to keep the pair below 0.64695 to pull it to 0.6475. 

Снимок экрана 2019-06-26 в 7.51.12.png

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