NZDCHF is currently facing bullish pressure from ascending trendline, in line with horizontal swing low support, 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 127.2% Fibonacci extension and 127.2% Fibonacci retracement. If prices push down further, prices might take support from horizontal swing low support in line with 127.2% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Trading Recommendation
Entry: 0.64206
Reason for Entry:
Horizontal swing low support, 127.2% Fibonacci extension, 78.6% Fibonacci retracement
Take Profit: 0.64517
Reason for Take Profit:
Horizontal swing high resistance, 127.2% Fibonacci extension, 161.8% Fibonacci retracement
Stop Loss: 0.64063
Reason for Stop Loss:
Horizontal swing low support, 127.2% Fibonacci retracement
