NZDCHF is also approaching our first support at 0.644 (horizontal overlap support, 38.2% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6514 (horizontal swing high resistance, 61.8% Fibonacci extension).

Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.

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Losses can exceed the initial investment so please ensure you fully understand the risks.

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