NZDCHF reverses up from key support level 0.6319. Be sure to subscribe to receive free intraday price level alerts (when prices approach major price levels), candlestick signals and FX sentiment reports: https://t.me/fx_stocks_commodities_signals
The pair had a bounce at 0.65400 and produced two bullish candles consecutively. The level of 0.65400 has been a support for this pair. Thus, the buyers in the minor time frames were waiting to go long from here. After being bullish for two candles, it produced two bearish candles to make a correction. The last candle came out as a bullish engulfing candle. Thus, the buyers may push the price towards the North. The price may find its next resistance around 0.66000.
NZDCHF is about to make a bearish breakout at a very significant level of support. The price had several bounces earlier at 0.65130. The pair is trading around the level. If it ends up making a breakout in the H4 chart, the sellers may look to go short in the pair. On the other hand, if the level holds the price, the buyers may take over and push the price towards the North upon getting a bullish reversal pattern around the level of 0.65130.
The pair made a breakout 0.65130 and later made another breakout at 0.64850 in the H4 chart. Thus, the Bear may dominate in the pair and drive the price towards the downside. The sellers may look to go short in the pair. As things stand, the price may make a new lower low and find its support around 0.64000. I am going to keep an eye on this to go short as well.
NZDCHF is trading at a very critical level as of writing. The pair seems to have made a breakout at the level of 0.64600 in the intraday chart. The H4 chart trader may be eagerly waiting to see if the current candle closes below the level. If that happens, they may have to wait for the chart to produce a bullish corrective candle followed by a bearish reversal one to go short in the pair. The price may find its next support around 0.64090 if it ends up being a valid H4 breakout.
NZDCHF found its support 0.64550. The price made a move towards the North and had a rejection at 0.65230. As of writing, the pair is trading above the level but has not made an H4 breakout yet. A bullish breakout at the level may attract the buyers to go long and push the price towards the North. The price may find its resistance around 0.65750.
The pair made a significant bearish breakout on Friday. The sellers may wait for the price to consolidate followed by a bearish reversal pattern to go short in the pair. The buyers may have to wait at least for a double bottom to find long opportunities in the pair.
NZDCHF has been traded within a box. The price is at the support. Thus, it may head towards the North if it gets bullish in the minor chart. The H4 chart traders may want to wait for the price to come out of the box. Let us wait and watch what happens next.
The pair had a strong bounce at 0.60980. The price has been bullish since then. However, the level of 0.61640 may work as a level of resistance. The buyers may wait for the price to make a breakout to go long above the level of 0.61640.