Okay, so we got 5 weeks of continuous fall, confirming the monthly momentum. Also, notice how the 200 moving average slowly becomes a powerful dynamic resistance. And regarding the pierce in the previous support, I wouldn't necessarily consider it a lower low, because of the short period of time it spent underneath it.
Note
Full NZDCHF analysis:
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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.