NZDCHF is currently pushing downwards towards 1st resistance in line with 161.8% Fibonacci extension and 61.8% Fibonacci retracement. If prices push down further, prices might take support from 78.6% Fibonacci extension and 127.2% Fibonacci retracement fibonacci confluence zone. If prices reverses from 1st resistance, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension.
Trading Recommendation
Entry: 0.64043
Reason for Entry:
Horizontal pullback support, 161.8% Fibonacci extensions, 61.8% Fibonacci retracement
Take Profit: 0.63811
Reason for Take Profit:
127.2% Fibonacci retracement, 78.6% Fibonacci extension
Stop Loss: 0.64272
Reason for Stop Loss:
Horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension
