NZD/CHF is reacting on the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could rise from this level to our take profit.

Entry: 0.52833
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.

Stop loss: 0.52302
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci retracement.

Take profit: 0.53460
Why we like it:
There is a pullback resistance level that is slightly above the 161.8% Fibonacci extension.

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