NZDCHF: waiting for correction before jumping in
Commodity currencies are just squeezing up and it seems like there is more space to go...
Going long in NZD against CHF seems like an opportunity to participate in this move.
NZDCHF has broken key resistance level around 0.5985, which now turned into support and it might act as possible price for joining bulls with S/L around 0.5900 and T/P around 0.6375.
Obviously we might not get this price, but entering now would be more like jumping into a moving train.
Make your own analysis before entering position.
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Going long in NZD against CHF seems like an opportunity to participate in this move.
NZDCHF has broken key resistance level around 0.5985, which now turned into support and it might act as possible price for joining bulls with S/L around 0.5900 and T/P around 0.6375.
Obviously we might not get this price, but entering now would be more like jumping into a moving train.
Make your own analysis before entering position.
//
Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)