szventures

NZDCHF SHORT TRADE

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FX:NZDCHF   New Zealand Dollar/Swiss Franc
EUR and CHF (European FX in general) likely bottomed for at least several weeks if not longer last week but the exception may be NZDUSD, which traded into resistance on Friday and reversed. It’s also possible that NZDUSD would face strong resistance at 8610-30 on RBNZ tomorrow. We rather prefer short NZDCHF in such situation.

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