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- Major support – 0.7045 (4 H Kijun-Sen).
- The pair breaks the major trend line resistance at 0.7095 and jumped till 0.7148. NZD/CHF pared its entire gain for the high of 0.7148. It is currently trading around 0.7075.
- Short term trend is slightly weak as long as resistance 0.7150 holds.
- Any break above 0.7150 will take the pair till 0.7200/0.7230 in the short term.
- On the lower side, any break below 0.7045 will drag the pair down till 0.7000/0.6940 level.
It is good to sell on rallies around 0.7100 with SL around 0.7151 for the TP of 0.7000/0.6950.
R1- 0.7150
R2-0.7200
R3-0.7230
Support
S1-0.7045
S2-0.7000
S3-0.6940
