31.03.2020
The resistance level of 0.5795 continues to hold back buyers. The currency pair is trading in the range of 365 and 135 moving averages, where the fast (135 EMA) moving average is below the slow (365 EMA) moving average, indicating a downtrend. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sale while a descending pattern is forming, where the wave (aC) breaks through the inclined channel of the ascending pattern.
Stop loss for the local maximum (0.5795).
Target levels: 0.5524; 0.5310.
The NZDCHF rate online: monitor the movement of the pair in real time.
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