If you have seen my analysis on GBPCHF (inserted below) you will notice how similar this analysis on NZDCHF is. Price is trading in a monthly supply order block and what we can also notice is that price is also trading in both a daily order block and FVG. I am bearish on NZDCHF but I am not in a hurry to jump into a short trade.
Price traded into the daily order block last trading week but failed to show a CHOCH on the 1-hour time frame or I should say, my preferred CHOCH.
I will be monitoring this pair this coming trading week to see if with will present a good 1-hour CHOCH to take the short trade.