Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
NZD/CHF is in a downtrend
2019-11-11 • Updated
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.
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