Nice idea on NZDCHF and there may be bullish bias as you have identified. For our set up, we have identified the key support and resistance levels. The support that we have identified is at 0.6511. It is a horizontal overlap support with a 61.8% Fibonacci extension, 38.2% Fibonacci retracement. Stochastic is approaching its support at 5% where a corresponding bounce could occur. If a corresponding bounce does occur, we may look closer to the 0.6619 resistance level, which is below the 0.670100 resistance level that you have identified. It is a horizontal swing high resistance with 38.2% Fibonacci retracement. Looking forward to see how things develop.
Please have a look at our idea and share with us what you think.
SiriusTrading
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@ICmarkets, thanks, thats good anlysis. will comment on yours
Please have a look at our idea and share with us what you think.