IvanLabrie

NZDCHF: Monthly map - Potential long term NZD weakness ahead

FX:NZDCHF   New Zealand Dollar/Swiss Franc
Informational chart only.
If we cross the level price sits at confidently, we might retest lower areas, around the 0.63043 mark.
I'll update with a shorter timeframe short entry.
Currently in the middle of a very strong decline with no pause.
Looks to be impulsive behavior after a long term consolidation.
The triangle in CCI is wild speculation, but makes me think this consolidation phase is over.
Among other factors, derived from observing multiple currency pairs.

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