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Short

NZD/CHF: Sell on rallies

FX:NZDCHF   New Zealand Dollar/Swiss Franc
67 0 7
Major Support: 0.7160 (Sep 9th 2017 low)

Major intraday resistance – 0.7230 (200- H MA)

NZD/CHF has once again slightly recovered after making a low of 0.7170. It is currently trading around 0.72030.

On the higher side, major intraday resistance is around 0.7230 (200- H MA) and any break above will take the pair till 0.72514 (61.8%T retracement of 0.73014 and 0.7170)/0.7300 (Feb 23rd 107 high).

The major support is around 0.7160 and any break below will drag the pair till 0.7124 ( 61.8% retracement of 0.7000 and 0.73240)/0.7060 (Jan 10th 20176 low).

It is good to sell on rallies around 0.7230 with SL around 0.728 for the TP of 0.716/0.7125
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