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NZDCHF approaching resitance, potential drop!

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New Zealand Dollar/Swiss Franc (FX:NZDCHF)  
easyMarkets Corretora  
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns NZDCHF NZD chf nzdchflong nzdchfshort Forex forextraidng forexsignals
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trendanalysis harmonicpatterns chartpattern nzdchf nzd chf nzdchflong nzdchfshort forex forextraidng forexsignals
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 78.6% fibonacci retracement, 100% extension) where a strong drop might occur below this level pushing price down to our major support at 0.6825 (horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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