Weekly analysis of NZDCHF

Update 2-3-2020  

New Zealand Franc broke the lower leg of the descending channel on the weekly w1 chart and is now trading below the channel. New Zealand fell due to Chinese news at the end of last week due to the Corona crisis

We expect more decline for the pair below the lower trend, supported by the Chinese data released on Sunday, and it is expected that the pressure on the New Zealand against all currencies will continue.

The general condition of the husband selling - a condition below the trend

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New Zealand Franc is trading inside a falling channel on the weekly w1 chart and is now reaching the lower side of the channel simultaneously from a strong support area since August 2015

We wait for the price to drop and touch the lower side with the previous resistance level at 0.6080 and then buy with big targets and stop, breaking the level on a daily basis and confirmation is weekly.

The general condition of the husband is purchasing