NZD/CHF: bears remain active

NZD/CHF: bears remain active

Trade idea

SELL 0.6560; TP 0.6530; SL 0.6570

NZD/CHF formed a bearish candlestick with a long lower shadow on W1. On D1, there was a “bearish engulfing” pattern followed by a bearish candlestick. It means that as long as the pair is trading below 0.6565 (resistance level marking a top), downside risks prevail.  



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