NZD/CHFLong
Watch for Breakout Above 0.5320 for Potential Upside to 0.5500
Updated
NZD/CHF is currently testing a resistance level and may drop towards the 0.5225 support zone. Despite this, we advise caution and do not recommend initiating a sell position at this time, as market conditions could shift. Instead, we suggest waiting for a clear breakout above the 0.5320 resistance level before considering a buy. If this breakout occurs, there is potential for the pair to rally further, with an upside target around the 0.5500 level, signaling a more sustained bullish trend.
Trade closed: target reached
NZD/CHF hit our target of 0.5375, and we've closed our positions. However, if anyone is interested in holding, they can aim for 0.5500.
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