NZDCHF TECHNICAL ANALYSIS ON H4 TIMEFRAME
Publish Date : 2019/09/24 - 07:06

NZDCHF TECHNICAL ANALYSIS ON H4 TIMEFRAME


If you’re a bull on the New Zealand dollar, then this support retest on the four hour chart of NZD/CHF may be right up your alley. The pair has been falling since mid-September after failing to break above the 0.6400 handle, and now traders are retesting the strong support area 0.6200 to 0.6220.

The stochastic indicator is also signaling potential oversold conditions, and given that this pair has a positive interest rate carry, this setup is a very appealing one to both technical traders and fundamental traders who think the recent hit lower is overdone.

Source:Babypips

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