Weekly forecast NZDCHF
Right now we are on a strong S/R daily line where many past reversals occurred, and on top of that we have confluence with a monthly triangle that has been respected really well. Last week the price tried to break the triangle but it fell back into it. The price may be looking to retest the 0.70260 zone and go higher because it haven't done that yet and the market needs to follow structure.
I'll wait for the price to reach that zone to take any decision. I think it has a higher probability of going down path A to 0.68300 zone because of the confluence with the triangle and the break fakeout of last week.
I'll wait for the price to reach that zone to take any decision. I think it has a higher probability of going down path A to 0.68300 zone because of the confluence with the triangle and the break fakeout of last week.
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