NZDCHF Weekly S/R| Local S/R| 200 MA| Price Action

Evening Traders,

Todays Analysis – NZDCHF – trading above a key trade location where a bullish retest if probable,

Points to consider,
- Price Action Impulsive
- Local S/R Support
- Weekly S/R objective
- 200 MA Resistance
- Oscillators Neutral

NZDCHF’s immediate price action is impulsive, trading at a key level that has technical confluence with the Local S/R, allowing for a bullish bias.

The 200 MA is current resistance, breaching this level is critical to test the weekly S/R objective.

Both oscillators are currently neutral, remaining above their respective bullish control zone will be indicative of strength.

Overall, in my opinion, NZDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

The market can stay irrational longer than you can stay solvent. - John Maynard Keynes