NZDCHF / H4 / Daily Forex Technical Analysis / 5.2.2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 2nd, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. Looking at the overall structure on the 4 hour time frame, we may see a retracement back to a key support area near the .6720 region. This area has held as support many times in the past and we're going to see if we can enter a Long position off the .6720 support zone. Entry for a Long position near the .67152 area, with a Stop Loss near the .67032 region, with a target level near the .67417 area can possibly ensure a profitable trade with a 2.21 to 1 R/R.