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NZDCHF

NZDCHF Edging UpwardsRecovery of many indices means a recovery of many forex pairs which were falling in correlation with the same. NZDCHF is one such such example. The pair was falling in a retracement—an extended retracement—as opposed to a trend change when viewed in context of a larger timeframe such as daily. Such retracement is over and we may see the pair decisively rallying up in the following months. The falling channel is expected to break due to the forthcoming bullish pressure from buyers. Sellers should be cautious and buyers eager to climb aboad. Trade well and take care.
Long
by MyFxPicks
2
Nzdchf longs...The pair has approached a strong HTF support confluence of a daily upward trend line and a weekly support level...After a brief downside manipulation to mop up sells, the stage is set for longs, a 4H minor downside trend line has been breached, though not convincinly enough, minor resistance is also offered by the yellowed region... A cute little bullish flag has been forming (highlighted in the purple rectangle) an impulsive bullish break of that and the minor structural resistances as shown should bring about some bullish action in the nearest future. If this was remotely useful to you, please support my work with a like and a quick Sub...Thanks.
Long
by LexyenHille