NZDCHF - Weekly Forecast - Technical Analysis & Trading Ideas

Midterm forecast:

• While the price is above the support 0.49439, beginning of uptrend is expected.
  
• We make sure when the resistance at 0.52680 breaks.
  
• If the support at 0.49439 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  

NZDCHF
Technical analysis:

• A peak is formed in daily chart at 0.51845 on 02/20/2025, so more losses to support(s) 0.49950 and minimum to Major Support (0.49439) is expected.
  

Take Profits:

1. 0.51043
   
2. 0.51780
   
3. 0.52680
   
4. 0.53798
   
5. 0.55094
   
6. 0.56221
   
7. 0.56728
   
8. 0.57630
   
9. 0.58900
   
10. 0.60187
    
11. 0.65051
    

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ForecastCity Support Team