NZD/CHF
Short

NZDCHF May Drop, Here is WHY 🇳🇿🇨🇭

145
snapshot

NZDCHF is trading in a strong bearish trend on a daily.
After a yesterday's pullback caused by FOMC,
the price reached a key horizontal resistance.

After a consolidation on that, the pair leaves clear bearish clues.
I see a formation of a bearish imbalance candle and a remaining
bearish pressure after US CPI.

Chances are high that the pair will drop at least to 0.4712

❤️Please, support my work with like, thank you!❤️

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.