NZDCHF has good potential for further decline. After a strong bearish wave, the pair was consolidating within a horizontal range on an 4H time frame.
The support of this range was recently broken, signaling the strength of sellers and a likely continuation of bearish momentum.
I believe the pair could soon reach the 0.4621 level. On the 4-hour time frame, I will be monitoring the price action closely.
The support of this range was recently broken, signaling the strength of sellers and a likely continuation of bearish momentum.
I believe the pair could soon reach the 0.4621 level. On the 4-hour time frame, I will be monitoring the price action closely.
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Join our Telegram channel for daily market update 👇👇
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t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Related publications
Disclaimer
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.