NZD/CHF: Daily
Looks like NZD/CHF’s rising channel support is holdin’ like a boss! The uptrend still seems to be intact for now, as price recently broke out of short-term consolidation at the bottom of the forex channel and indicated momentum in moving higher. Stochastic is giving the same signal, as the oscillator is also climbing. With that, NZD/CHF could make its way up to the top of the channel near the .8050 minor psychological level or at least until the mid-channel area of interest at the .7900 major psychological mark. Make sure you set your stop below the channel support if you’re planning on going long!
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