NZDCHF: Intraday Bearish PatternNZDCHF 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.