15.04.201614:46 Forex Analysis & Reviews: Technical analysis of NZD/CHF for April 15, 2016

Long-term review

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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

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