NZD/CHF under pressure in Asian market volatility. Bulls will continue to monitor for bullish structure given the daily outlook remains bullish. As per the prior analysis, NZD/CHF Price Analysis: Bulls holding firm at 4-hour support, the market moved higher to enable a trailing stop loss to be moved to breakeven, and then along came Powell. The Federal Reserve’s chair, Jerome Powell, spoke in a WSJ webinar and was questioned on his outlook for the economy and the recent volatility in the bonds. The event resulted in volatility and a sell-off in higher beta currencies such as the kiwi as the US dollar rallied. CHF was the worst performer vs the greenback which helped to slow the downside in NZD/CHF, but the cross gave way to supply at a key support area while the dollar continues to pressure the kiwi. Prior analysis, 4-hour chart The price has been sticking to the entry point, but an upside move to break recent highs will trigger the breakeven point for a free rise towards the target. Live market, 4-hour chart As illustrated, the market is just pips away from the breakeven stop loss. Should the market restructure a bullish scenario on the 4-hour time frame, an optimal reentry point can be established in the case that the current position is stopped-out for a scratch trade. 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 WTI consolidates recent gains around $64.00 during pre-NFP trading lull FX Street 1 year NZD/CHF under pressure in Asian market volatility. Bulls will continue to monitor for bullish structure given the daily outlook remains bullish. As per the prior analysis, NZD/CHF Price Analysis: Bulls holding firm at 4-hour support, the market moved higher to enable a trailing stop loss to be moved to breakeven, and then along came Powell. The Federal Reserve's chair, Jerome Powell, spoke in a WSJ webinar and was questioned on his outlook for the economy and the recent volatility in the bonds. The event resulted in volatility and a sell-off in higher beta currencies such as… Regulated 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.