NZDCHF: Price Action Analysis & Bullish OutlookNZDCHF has formed two bullish patterns: initially, it was trading within a descending expanding wedge pattern, followed by the formation of a cup and handle pattern within this structure.
To consider buying the pair, it is advisable to wait for a breakout above the neckline of the cup and handle formation on the 4-hour chart.
A confirmation would be a 4-hour candle closing above 0.5433. If this occurs, a bullish trend continuation could be anticipated towards the levels of 0.5448 and 0.5460.
