NZDCHF: Classic Top-Down Analysis 🇳🇿🇨🇭
Hey traders,
NZDCHF has recently broken above a major falling parallel channel on 3 days time frame.
Now we see a retest of its broken resistance.
The retest point matches with a completion point of a harmonic bullish abcd pattern on 12H.
On hourly time frame, the pair remains indecisive though.
The price is coiling within a narrow trading range.
Your confirmation to buy will be a bullish breakout of 0.6425 - 0.6428 minor resistance (hourly candle close above).
First intraday goal will be 0.6448
If the price sets a new lower low lower close on hourly, the setup will be invalid.
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