USD/CAD: 55 Moving Average acting as support
There's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case...
NZD/CHF reached buy target 0.6800
- NZD/CHF reached buy target 0.6800
- Next buy target - 0.6850
NZD/CHF continues to rise inside the minor corrective wave which started previously – when the pair reversed up with the daily Japanese candlesticks reversal pattern Bullish Engulfing from the support area lying between the key support level 0.6730 and the lower daily Bollinger Band. Having recently broken above the resistance level 0.6800 (previous buy target) - NZD/CHF is expected to rise toward the next buy target at the next NZD/CHF level 0.6850.
Dmitry Chernovolov
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