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NZD/CHF BEARISH BIAS RIGHT NOW| SHORT

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New Zealand Dollar/Swiss Franc (FX:NZDCHF)  
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FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trend Analysis Chart Patterns Wave Analysis NZDCHF short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

NZD/CHF is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.539.

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Penafian

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