Monitoring NZDCHF for a reaction at this key zone.
We are approaching a confluence area with:
• Retest of ascending daily trendline support
• Structure support on the 1H timeframe
• Price hovering around the EMAs, potential rejection forming
🟢 Bullish Bias: If price holds above 0.4870–0.4880 and breaks 0.4913, I expect continuation towards 0.4934.
🔻 Bearish Scenario: Clean break and close below 0.4870 could signal a shift in momentum with targets at 0.4831 and below.
📅 Trend still bullish on the daily, so watching for signs of exhaustion or continuation here.
Let me know your thoughts — are you team bull or team bear?
We are approaching a confluence area with:
• Retest of ascending daily trendline support
• Structure support on the 1H timeframe
• Price hovering around the EMAs, potential rejection forming
🟢 Bullish Bias: If price holds above 0.4870–0.4880 and breaks 0.4913, I expect continuation towards 0.4934.
🔻 Bearish Scenario: Clean break and close below 0.4870 could signal a shift in momentum with targets at 0.4831 and below.
📅 Trend still bullish on the daily, so watching for signs of exhaustion or continuation here.
Let me know your thoughts — are you team bull or team bear?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.