
USD/CHF and EUR/CHF rose to tactical highs. What's next?
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The New Zealand dollar has weakened after the headlines about the new unconventional policy by the Reserve bank of New Zealand. Reportedly, the bank is considering the idea of QE as its next step. On H4, the NZD has been targeting the 50-period SMA. If it slides below this moving average, the first support will lie at 0.6715. After that, the next support will be placed at 0.67. On the other hand, the retest of the 0.6738 level with the following breakout may push the pair higher to the resistance at 0.6757. The next resistance will be placed at 0.6782.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time.
Latest news and the technical analysis fo major pairs are here!
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