ANALYSIS
NQ100 Finds Support from PPIApr 14
NZDCHF Heads Towards Correction Movement
After the Swiss National Bank (SNB) announced a record loss ($142.4 billion) in nine months of the year due to the volatility in the foreign exchange market, the franc continues to be under pressure from the currencies of major countries. Technically, in the permanent transition of the parity, which made the trend change, to the resistance of 0.5805, the recovery can reach up to 0.5835, which is indicated by the Fibonacci 61.8% retracement line. In the possible retreats, 0.5755 and 0.5725 supports can be followed.
