04.12.2020
The currency pair is testing the lower limit of the ascending price channel on the H4 timeframe.
Awesome Oscillator indicator has formed a bullish divergence, and Stochastic Oscillator signals oversold condition on the H1 timeframe. The currency pair is trading in the range of the internal descending price channel.
NZDCHF rate online: monitor the price movement in real time.
Trading recommendations:
Buy on the formation of an ascending pattern 1-2-3, where wave 1 breaks through the upper border of the descending internal price channel.
Stop Loss at the local minimum.
Target levels: 0.6335; 0.6382.
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