Hello my dear friends and fellow community members.
New Zealand dollar is going to be weak as hinted by the RBNZ last week. On the bother hand the CHF may appreciate as a result of trade war between United States and China. So I will be looking for an opportunity to short the New Zealand dollar against Swiss franc at around 0.6750 with 0.6400 as target. There is a big range breakdown on weekly chart and the candle closed near lows of the week. Chart is attached for better appreciation.
Happy trading to all.
New Zealand dollar is going to be weak as hinted by the RBNZ last week. On the bother hand the CHF may appreciate as a result of trade war between United States and China. So I will be looking for an opportunity to short the New Zealand dollar against Swiss franc at around 0.6750 with 0.6400 as target. There is a big range breakdown on weekly chart and the candle closed near lows of the week. Chart is attached for better appreciation.
Happy trading to all.
