NZDCHF Could Break Its Trend Resistance...
NZDCHF managed to reject off a trend support level, with another 61.8 fib level retest. As we start seeing multiple retest on trend resistance, we have to keep in mind that the trend resistance will weaken and thus I will be seeing a potential breakout opportunity. We should always react to the market however if we see another rejection. As of now, I will be taking a good BULLISH trade to the trend resistance level. If we see a breakout, price level could go all the way up to 0.6547 price level which will be a rather strong resistance level to look out for.
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