The Kiwi pairs of the EURO NZD and NZD CHF point to increased strength for the Kiwi over the next few days. The EURO NZD appears to be moving within a range with Resistance at 1,6780 and Support at 1,6100. The Daily Chart broke out of a Pennant at the Resistance with strong bearish candle to start the move down to Support. The 4H chart gave a follow-up signal to confirm the move with a break of a pennant this morning.
Entry Setup
Entry - 1,6350
Stop - 1.6470
Limit - 1,6100
NZD CHF, which has a strong inverse correlation with the EURO NZD, has given the opposite signal to do the same thing. Its Daily Range Setup sees Support at 0.7345 with Resistance at 0,7690. This also started the move with a break of smaller consolidation on the Daily Chart. On the 4H Chart, a bullish enguflfing candlestick has appeared to provide an entry setup heading to Resitance.
Entry Setup
Entry - 1.7571
Stop - 1,7511
Limit - 1,7671
Entry Setup
Entry - 1,6350
Stop - 1.6470
Limit - 1,6100
NZD CHF, which has a strong inverse correlation with the EURO NZD, has given the opposite signal to do the same thing. Its Daily Range Setup sees Support at 0.7345 with Resistance at 0,7690. This also started the move with a break of smaller consolidation on the Daily Chart. On the 4H Chart, a bullish enguflfing candlestick has appeared to provide an entry setup heading to Resitance.
Entry Setup
Entry - 1.7571
Stop - 1,7511
Limit - 1,7671
