NZDCHF clearing important resistance
The eight-hour chart of NZDCHF offers rare pattern-Bulkowski’s Reversal Triangle- along with different positive signs on technical indicators.
The graph shows that, NZDCHF has found strong support before clearing the sloping resistance, which assisted bulls to take momentum indicators above its resistance levels.
Meanwhile, Vortex indicator-trend- has turned into positivity adding further strength to the bullish intraday bullish impetus.
The NZDCHF pair is currently clearing 23.6% Fibonacci of the last decline from 0.7450 to the significant low placed in the 0.6775 region is another positive catalyst that should be added to the above-mentioned factors.
All in all, we see chances for achieving further bullishness, aiming to challenge 0.7000 psychological, as far as the apex of the pattern at 0.6825 zone remains intact.