NZD/CHF Technical Analysis
This pair is right now at a big support zone so here are 2 possible scenarios:
Long:
-If price rejects well this support, with a confirmation at least on a 1h timeframe;
-If it makes a consolidation and we see a good candle (1h timeframe at least) breaking to the upside;
-First target at 0.6060
Short:
-If price breaks the support with an impulsive candle at least on a 1h timeframe;
-If it consolidates and then breaks to the downside, breaking the support;
-First target at 0.5930
Always use stop losses and remember this is not financial advice
Long:
-If price rejects well this support, with a confirmation at least on a 1h timeframe;
-If it makes a consolidation and we see a good candle (1h timeframe at least) breaking to the upside;
-First target at 0.6060
Short:
-If price breaks the support with an impulsive candle at least on a 1h timeframe;
-If it consolidates and then breaks to the downside, breaking the support;
-First target at 0.5930
Always use stop losses and remember this is not financial advice
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