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 0.7000
- 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.
Dmitry Chernovolov
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