FOREX WEEKLY ANALYSIS : NZDCHF
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The market respected D1 overbalance, so I'm joining the lower trend. I will wait for a new low and then put my SL on BE. It's all about money management, forex is easy ;).
The closest support for today is the balance of the day (4236.4).
The close of the limit buyer (4227.6) further strengthens it.
💠 In case of successful test of this option support, we expect formation of buying pattern with targets: limit seller (4261.3) and header zone (4300.0).
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🌐 The asset is currently trading in the hedger resistance zone (1775.00-1786.96).
The nearest resistance for today is the limit seller (1789.54).
💠 In case of successful test of this resistance minimal downside target is the balance of the day (1777.85).
Distant resistance on Wednesday, June 23 is the limit buyer (1768.02).
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