NZDCHF: Bearish Wedge Pattern in Play

7 天前

NZDCHF: Bearish Wedge Pattern in Play

The NZDCHF pair completed a bearish wedge pattern, confirmed on Friday evening. The price is currently retesting the pattern, increasing the likelihood of NZDCHF continuing its downward movement.

A short-term target is set at 0.5147, corresponding to the previous low. Should the price move below this level, it is likely to test 0.5138 and 0.5110.

While there are some risks due to SNB speculations, given the Swiss National Bank's consistent support of the CHF whenever it loses value, the CHF could push the pair further down.

You may find more details in the chart!
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7 天前

交易進行