USD: technical outlook
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
NZD/CHF reversed from support zone
- NZD/CHF reversed from support zone
- Next buy target - 0.6750
NZD/CHF recently reversed up from the support zone lying between the key long-term support level 0.6700 (which has been reversing the price from May of 2017, as can be seen from the weekly NZD/CHF chart below) and the lower weekly Bollinger Band. Given the oversold weekly Stochastic, NZD/CHF is expected to rise further toward the next buy target at the next resistance level 0.6750 (former support from March).
Dmitry Chernovolov
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