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NZD/CHF looking to test lower border of weekly channel

Nzd/Chf looks like it may try to retest the lower border of the weekly bullish channel once again
As we can see on the weekly chart of Nzd/Chf, the pair is currently inside a bullish channel
The RSI is lowering though, and looks to drop below 50 soon,
also the Stoachistic indicator has reached high levels and should turn down towards the line of divergence I have drawn
All this adds up to a retest of the lower border of the weekly channel again
Nzd/Chf weekly chart
On the daily chart we se…
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AdamFx42 avatar
AdamFx42 4 Dec.

Price is holding above 61.8% fibonacci expansion level after reaching it,
I still expect the daily trendline to be tested though, around 0.7450

AdamFx42 avatar
AdamFx42 10 Dec.

Daily trendline support has held the price up exactly as predicted on my daily chart,
price is just above target now

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