NZDCHF's price action has formed an inverse H&S pattern which is a bullish reversal pattern. Momentum oscillators are uptrending. I believe it will bullishly swing up to the .718 range which comes from the depth of the head projected over the neckline. If it does swing up to .718 thats a 155 pip gain. Price is above its 25d MA and it is holding for the first time in over a month.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.