NZDCHF analysis 21.12.2020

Analytics for currency pairs based on modified wave analysis, Fibonacci levels and price channels.

NZDCHF

The overall trend is upward. The descending H1 level pattern is truncated. Stochastic Oscillator indicates oversold conditions. The pair is trading in a range of 365 and 135 moving averages.

NZDCHF rate online: monitor the price movement in real time

Trading recommendation:
Buy on the formation of an ascending wave pattern, where wave (A) breaks through the inclined channel of the descending truncated H1 level pattern.
Stop Loss - 0.6277 (below the local minimum).
Target levels - 0.6336; 0.6382.