FX.co ★ Technical analysis of NZD/CHF for February 11, 2016

NZD/CHF has been consolidating for the past few days, although my view remains bearish. The price tested the midline of the descending channel once again, and today it is likely to drop to test the target at S2 (0.6318).

It is recommended to hold a short position or place an intraday short order. Stop and targets remain the same.

Support: 0.6450, 0.6318

Resistance: 0.6613