NZDCHF: Rejection off resistance level...What now?

Once again, NZDCHF obeyed its trend line as it continues to fall within the range of the trend lines. We could see NZDCHF price level obeyed this trend resistance level multiple times with no sign of breakout. Keeping the overall trend in mind, a recent rejection with a continuation BEARISH movement to what seems to be a H&S pattern potentially forming. What we can see now is a rather strong BEARISH outlook for this pair with no sign of breakout just yet. I will see it retracing back to 50.0 fib level drawn in my chart forming a support zone with 0.6040 support line.

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