Trading NZDCHF Pair News: September 6

Trading NZDCHF Pair News: September 6|NZD/CHF|NZD CHF Chart

Click the NZDCHF Chart Above to Enlarge

We covered the NZDCHF on 2 September, noting a broad downtrend over an extended period of time.

We provided a suggestion for aggressive traders to sell below 0.6750, with stops above 0.7000 for protection.

Since that update the pair has continued to move lower and members who set an order would have been filled.

With the price action currently trading around 0.6500, those still in positions would be approximately 250 points in profit.

As such, in this afternoon’s update we suggested that those in shorts trail their stop loss to 0.6680.

Moving stops down to this level will lock in 70 pips profit and, more importantly, protect profits in the event of a relief rally during tonight’s session.

These are the kind of setups we are identifying for our FX Report members.

If you are interested in learning more about our FX Report, please click here for a FREE 7-day trial.

Speak Your Mind


Disclaimer: The content of this blog does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs. Before acquiring or using any of Australian Stock Report's products, you should obtain and consider our Financial Services Guide. Australian Stock Report Ltd (ACN 106 863 978) is licensed as an Australian Financial Services Licensee pursuant to section 913B of the Corporations Act 2001. AFS Licence 301682. Any content within this email remains the property of Australian Stock Report and should not be reproduced without the consent of Australian Stock Report.