NZD/CHF is at the important border

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. 

Darya Bobrova

Similar

16.07.2019 12:38 AUD/CAD touched resistance

Technical levels of AUD/CAD

aud cad technical analysis

15.07.2019 16:05 Head and shoulders of EUR/AUD?

Technical analysis of EUR/AUD

aud eur technical analysis

05.07.2019 09:59 AUD/CHF may consolidate

Technical analysis of AUD/CHF

aud chf technical analysis

Latest news

02.02.2018 13:07 EUR/USD: "Tweezers" on 34 Moving Average

There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...

eur

10.01.2018 20:43 GBP/JPY reversed from resistance zone

GBP/JPY reversed from resistance zone Next sell target - 149…

gbp jpy

01.05.2018 11:00 EUR/USD: no any reversal pattern so far

If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...

eur