Technical Analysis of NZD/CHF for April 15, 2016

Technical Analysis of NZD/CHF for April 15, 2016

15 April 2016, 15:44
Roberto Jacobs
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Technical Analysis of NZD/CHF for April 15, 2016

NZD/CHF continues moving sideways without any signs of a long- or mid-term direction. This tendency is likely to continue and the price might once again move down after the price rejected the R1 (0.6700) resistance area.

Consider selling NZD/CHF near 0.6700 to target 61.8% Fibonacci retracement where support previously was formed. The stop loss should be well above 0.6700, at 0.6750 or higher.

Support: 0.6645, 0.6610, 0.6580, 0.6555

Resistance: 0.6700


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The material has been provided by InstaForex Company - www.instaforex.com

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