Since breaking through the topside of a descending trend channel early last week, NZD/CHF has traded in a 0.52540 – 0.52190 range. These 2 levels may provide support and resistance respectively. The pair has found very difficult to break the 0.52540 area, so I believe we do have a strong resistance here.
He have a chance to grab an easy 50 PIPs with this trade. Feel free to use this trade yourself. Don't forget to follow my profile so you don't miss any trading ideas.