NZDCHF Testing Final Resistance Level

Trade Background:

Price continues to move higher alongside global equity market. The risk on we’re seeing is causing the Swiss Franc, a currency known to be a safe heaven, to devalue since mid November. As price approaches final resistance level , look for a potential reversal. Keep in mind that the pair will most likely reverse alongside a broad global market correction.

Chart:

Trade Idea:

Entry: 0.64100 – 0.64300
Exit: 0.64500
Stop Loss: 0.63300

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