NZDCHF Remains Top Of The Strength Tables
Fri 21st April 2023 : Daily Forex Price Action
Today we’re looking at Trading Setups in:
- NZDCHF
- CHFJPY (Covered in Video)
- CADJPY (Covered in Video)
- NZDCAD (Covered in Video)
Today we’re looking at Trading Setups in: NZDCHF, CHFJPY, CADJPY & NZDCAD (Covered in Video)
CHF and NZD tops the currency strength indicator tables as the strongest vs weakest currencies.
We featured NZDCHF yesterday as it approached they key support level of 0.5500.
When price approaches these major levels we need to wait to see how the price reacts.
Overnight the price has traded through the major supporting lows.
If the price can remain below this level it will offer traders an opportunity to short to 0.5300.
Technical Observations
- The CHF is S1 and NZD is W1 on the day traders table.
- Price has traded through the support at 0.5500.
- If price confirms a close below these lows it could offer traders a short opportunity.
- Sellers could target the 0.5300 level.
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