NZD/CHF is in a downtrend

NZD/CHF is in a downtrend

Trade idea

SELL 0.6450; TP 0.6390; SL 0.6475 

NZD/CHF is trading within a downtrend on D1. The currency pair went below 78.6% at 0.6450 and is likely to test levels around 0.6390/70. Bears will dominate as long as the pair’s trading below 0.6510 (January low).

The Reserve Bank of New Zealand will meet on Wednesday, June 26. This event will increase the volatility for the pair.

NZDCHF 23.png

Similar

GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

EUR/CAD is ready for a move

EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.

Latest news

GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

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