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NZDCHF is facing bullish pressure, potential for further upside!

Long
New Zealand Dollar/Swiss Franc (FX:NZDCHF)  
FXCM Courtier  
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns NZD chf nzdchflong
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trendanalysis harmonicpatterns chartpattern nzd chf nzdchflong
NZDCHF is facing bullish pressure from ascending trend line support. Prices might bounce off 1st support which is in line with 61.8% Fibonacci retracement and 50% Fibonacci extension. Prices might push towards 1st resistance which is a horizontal swing high resistance which coincides with 61.8% Fibonacci extension. If prices fall through, it might reach 2nd support which is tagged to a horizontal swing low support which coincides with 100% Fibonacci extension. Stochastics is also approaching support level of 2.19 before a bounce could be seen.
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