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    Technical analysis of NZD/CHF for February 09, 2016 2016-02-09

    The NZD/CHF pair has been consolidating for over a month ranging between 0.6860 and 0.6500. On January 19, with a daily close below 38.2% Fibonacci, NZD/CHF confirmed its potential weakness.

    Consider selling NZD/CHF at the current level targeting S2 support (50% Fibs) with stop loss just above the middle line of the descending channel.

    Support: 0.6450, 0.6318

    Resistance: 0.6613

    nzdchf_insta.png

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