NZD/CHF (+74)

with the NZD getting the jump start from Nikkei (closed at 11.165 or +2.3%)market clearly favored NZD across the board. NZD gains were from Risk appetite in Asia it took pair out of the "comfort zone" of 0.7665 - 0.7290 that pair was trapped since October. Just as the gains were made, they can be lost, at the same speed, since there were no data from New Zeland or Switzerland. Price action created divergence on RSI, and as the resistance we have on weekly chart 200 SMA what is on 78.05. Stops should start above that level and targets should start at 77.10.