The NZDCHF appears to have some upside potential as the 9-period MA is currently approaching the 20-period Bollinger Band MA.
If it crosses it, the next Resistance level appears to stand at 0.6844, with another strong Resistance at 0.6867.
In the event that is does cross the Bollinger Band MA, the it is expected to move down with next Support level standing at 0.6772.
HotForex
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If it crosses it, the next Resistance level appears to stand at 0.6844, with another strong Resistance at 0.6867.
In the event that is does cross the Bollinger Band MA, the it is expected to move down with next Support level standing at 0.6772.
HotForex
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.