NZDCHF - To a new high?
NZDCHF (1H) - short term bullish bias
The kiwi is renewing its push towards the previous high and psychological level of 0.6400. The price has been inching up along a trend line. While the break of the 0.6330 resistance level saw some profit-taking, this allowed the RSI indicator to back off from over-heating. As long as the support line holds well, the bullish sentiment will stay in place. If offers around 0.6350 get lifted, we can expect the rally to carry on to the previously mentioned daily high.
Key support: 0.6320
Key resistance: 0.6400
The kiwi is renewing its push towards the previous high and psychological level of 0.6400. The price has been inching up along a trend line. While the break of the 0.6330 resistance level saw some profit-taking, this allowed the RSI indicator to back off from over-heating. As long as the support line holds well, the bullish sentiment will stay in place. If offers around 0.6350 get lifted, we can expect the rally to carry on to the previously mentioned daily high.
Key support: 0.6320
Key resistance: 0.6400
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