Technical levels for NZD/USD
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/CHF: the CHF has reached the Rubicon
Recommendation:
SELL 0.993
SL 0.9985
TP1 0.983 TP2 0.978 TP3 0.972
On the daily chart of USD/CHF, bears and bulls fight for the important level at 0.9995 (the upper boundary of the consolidation within the “Spike and ledge” pattern). If bulls succeed, the pair will have more chances to reach the target of the “Wolfe waves” pattern. Vice versa, if bulls don’t manage to hold the pair within the upward channel, it will signal their weakness.
On H1, if the pair manages to break the support at 0.993, the “Crab” pattern will be implemented and odds of the “Broadening wedge” pattern’s implementation will increase.
Ivan Karamazov
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