NZDCHF potential for further upside| 17th June 2021

NZDCHF potential for further upside| 17th June 2021 for FX:NZDCHF by FXCM

NZDCHF potential for further upside| 17th June 2021



NZDCHF has broken out of descending trend line resistance in line and is pushing up towards horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension . If prices push past buy entry, prices might continue to push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement . If prices reverses from pivot , prices might push down towards 61.8% Fibonacci retracement and 100% Fibonacci extension . EMA is also below prices, showing a bullish pressure for prices.

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