NZD/CHF pulls back to support of the 10-day moving average. The upside bias is apparent on the daily chart, with work to do still on the 4-hour time frame. NZD/CHF is offering a bullish bias on the daily chart as it holds above the 10-day moving average and confluence with significant Fibonacci retracements. The following is a topdown analysis depicting a bullish bias, but with still some work to do on the lower time frames. Daily chart On a measured retracement of the correction to the 10-day moving average, bulls can target a -0.272% Fibonacci target of 0.6460 as the range stands currently. 4-hour chart The environment on the 4-hour chart is not bullish enough with the price below the 10 moving average and resistance structure. However, on a break of and restest, then the bulls will have the upper hand on a hold of the old resistance now turned support. The setup would offer a 1:3 risk to reward opportunity with a stop loss below the newly formed structure. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD charts a narrowing price range near the 200-day SMA FX Street 11 months NZD/CHF pulls back to support of the 10-day moving average. The upside bias is apparent on the daily chart, with work to do still on the 4-hour time frame. NZD/CHF is offering a bullish bias on the daily chart as it holds above the 10-day moving average and confluence with significant Fibonacci retracements. The following is a topdown analysis depicting a bullish bias, but with still some work to do on the lower time frames. Daily chart On a measured retracement of the correction to the 10-day moving average, bulls can target a -0.272% Fibonacci target of 0.6460 as the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
