NZD/CHF Trade Ideas

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area (50% Fibonacci retracement of the August-December advance; 100-day MA). At the moment of writing...

Trade idea SELL 0.6560; TP 0.6530; SL 0.6570 NZD/CHF formed a bearish candlestick with a long lower shadow on W1. On D1, there was a “bearish engulfing” pattern followed by a bearish candlestick. It means that as long as the pair is trading below 0.6565 (resistance level marking a top), downside ris...

Trade idea SELL 0.6450; TP 0.6390; SL 0.6475  NZD/CHF is trading within a downtrend on D1. The currency pair went below 78.6% at 0.6450 and is likely to test levels around 0.6390/70. Bears will dominate as long as the pair’s trading below 0.6510 (January low). The Reserve Bank of New Zealand will m...

Trade ideas SELL 0.6500; TP 0.6450; SL 0.6515 BUY 0.6535; TP1 0.6555; TP2 0,6580; SL 0.6420 The NZD remains in a downtrend versus the CHF and the JPY as the market is still in the risk-averse mode. NZD/CHF looks better for trading. It came close to the key support in the 0.6505 area (January low). A...

Trade ideas SELL at 0.6715; TP1 0.6625; TP2. 0.66; SL 0.6740 SELL at 0.6680; TP1 0.6650; TP2 0.6625; SL 0.6700 On W1, the advance of NZD/CHF stopped at the resistance line from 2017. The pair consolidated at the moving averages for some time but then turned lower guided by MACD. NZD/CHF closed belo...