NZDCHF: Is the Kiwis ready to rally?
The Book Stuff said “To wait for a Breakout and Retest”!
Accordingly, a safer entry will be a confirmed break up with bullish signal best at the 0.6500 (Big, Round Number) area.
IMO, just take note that the FL0.6550 is quite a strong resistance area. After that, the Kiwis should have not much problem at the FL0.6650 area and a clearance will send the pair to the top at FL0.6770 area.
Disclaimer: I’m Bullish Bias here as I already have one Long Position and,
“Trade at your Own Risk”!
Accordingly, a safer entry will be a confirmed break up with bullish signal best at the 0.6500 (Big, Round Number) area.
IMO, just take note that the FL0.6550 is quite a strong resistance area. After that, the Kiwis should have not much problem at the FL0.6650 area and a clearance will send the pair to the top at FL0.6770 area.
Disclaimer: I’m Bullish Bias here as I already have one Long Position and,
“Trade at your Own Risk”!
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