NZD/CHF reached buy target 0.7000

NZD/CHF reached buy target 0.7000

  • NZD/CHF reached buy target 0.7000
  • Next buy target - 0.7200

NZD/CHF continues to rise after the recent breakout of the round resistance level 0.7000 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 0.7000 (which reversed the price with the weekly Falling Star in May) greatly intensified the bullish pressure on this currency pair. NZD/CHF is expected to rise to the next buy target at the next resistance level 0.7200. By stop-loss can be placed below the aforementioned price level 0.7000.



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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