ANALYSIS: NZDCHF BREAKOUT SHORT OPPORTUNITY
Looking at the strength and weakness charts we could anticipate another push lower for this
currency pair. NZD remains weak and could continue lower until we see some significant
buying opportunities. The non-commercial contracts showed an increase of 42% in longs suggesting
we could see some strength re-appear for the Swiss Franc. Technically we can see that price
has impulsed lower and formed a bearish consolidation pattern. If we see a breakout
we can look to target the range lows.
currency pair. NZD remains weak and could continue lower until we see some significant
buying opportunities. The non-commercial contracts showed an increase of 42% in longs suggesting
we could see some strength re-appear for the Swiss Franc. Technically we can see that price
has impulsed lower and formed a bearish consolidation pattern. If we see a breakout
we can look to target the range lows.
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