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