FxWirePro: NZD/CHF Trade Idea

NZD/CHF chart on Trading View used for analysis

FxWirePro Currency Strength Index for NZD/CHF: Bias Bullish
FxWirePro's Hourly NZD Spot Index was at 150.935 (Bullish)
FxWirePro's Hourly CHF Spot Index was at -102.883 (Bearish)

Technical Analysis: Bias Bullish
- Stochs and RSI are biased higher
- 5-DMA has turned and now points north
- pair holding break above 21-EMA

Support levels - 0.6430 (21-EMA), 0.6422 (5-DMA), 0.6371 (Oct 8 low)
Resistance levels - 0.6465 (trendline), 0.65 (55-EMA), 0.6516 (Oct 1 high)

Recommendation: Stay long on break above 0.6465, SL: 0.6430, TP: 0.65/ 0.6515

For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.