NZDCHF *WATCH OUT FOR THIS AUGUST* (BEARISH) (SHORT)
PREVIOUS LOW SUPPORT = 0.65517 (HELD FROM 29/MAY/2019)
LOWEST LOW SUPPORT = 0.65332 (FROM 23/MAY/2019)
With JP Morgan Vice President Of Global currency (Paul Meggyessi) has said "that in a recession, the NZ Dollar will be the worst performing major currency". He also stated that "the New Zealand Dollar lose and average, 7%-8% of it value.
Looking at the table (chart) the bearish momentum started @0.68079 on the 30/apr/2019. It dropped 4.02% to its lowest support @0.65332 (23/may/2019). The NZD/CHF has broken the support @0.65517, if it breaks the support @0.65332. There could possibly be roughly another 3% of bearish momentum. Tha last time is reached these levels were in .....
25/AUG/2015
02/AUG/2011
these are all on the August month with a spacing of 4 years showing that there is a high possibilty there is more bearish movement to come and fast.
LOWEST LOW SUPPORT = 0.65332 (FROM 23/MAY/2019)
With JP Morgan Vice President Of Global currency (Paul Meggyessi) has said "that in a recession, the NZ Dollar will be the worst performing major currency". He also stated that "the New Zealand Dollar lose and average, 7%-8% of it value.
Looking at the table (chart) the bearish momentum started @0.68079 on the 30/apr/2019. It dropped 4.02% to its lowest support @0.65332 (23/may/2019). The NZD/CHF has broken the support @0.65517, if it breaks the support @0.65332. There could possibly be roughly another 3% of bearish momentum. Tha last time is reached these levels were in .....
25/AUG/2015
02/AUG/2011
these are all on the August month with a spacing of 4 years showing that there is a high possibilty there is more bearish movement to come and fast.
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