Since breaking through the topside of a descending trend channel early last week, NZD/CHF has traded in a 0.52540 – 0.52190 range. These 2 levels may provide support and resistance respectively. The pair has found very difficult to break the 0.52540 area, so I believe we do have a strong resistance here.
He have a chance to grab an easy 50 PIPs with this trade. Feel free to use this trade yourself. Don't forget to follow my profile so you don't miss any trading ideas.
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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.