CHF/NZD: BUY NOW.
Fundamental Analysis:
The Swiss Franc (CHF) remains supported by its safe-haven status amidst global economic uncertainty, while the New Zealand Dollar (NZD) faces pressure from softer commodity prices and a cautious Reserve Bank of New Zealand (RBNZ). Diverging monetary policies and risk sentiment could favor the CHF in the medium term.
Technical Analysis:
CHF/NZD seems rejectng the critical support zone at 1.9440–1.9500, coinciding with the 50-day moving average. RSI near oversold levels signals potential for a bullish rebound.
Enter now at 1.9480 long.
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The Swiss Franc (CHF) remains supported by its safe-haven status amidst global economic uncertainty, while the New Zealand Dollar (NZD) faces pressure from softer commodity prices and a cautious Reserve Bank of New Zealand (RBNZ). Diverging monetary policies and risk sentiment could favor the CHF in the medium term.
Technical Analysis:
CHF/NZD seems rejectng the critical support zone at 1.9440–1.9500, coinciding with the 50-day moving average. RSI near oversold levels signals potential for a bullish rebound.
Enter now at 1.9480 long.
if you follow me you will receive updates on this idea.
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