NZDCHF is facing bullish pressure, potential for further upside!

NZDCHF is facing bullish pressure, potential for further upside! for FX:NZDCHF by FXCM

NZDCHF is facing bullish pressure, potential for further upside!



NZDCHF is facing bullish pressure from ascending trend line support. Prices might bounce off 1st support which is in line with 61.8% Fibonacci retracement and 50% Fibonacci extension . Prices might push towards 1st resistance which is a horizontal swing high resistance which coincides with 61.8% Fibonacci extension . If prices fall through, it might reach 2nd support which is tagged to a horizontal swing low support which coincides with 100% Fibonacci extension . Stochastics is also approaching support level of 2.19 before a bounce could be seen.

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