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Trading Idea - NZD/CHF, 16-05-2022
Trading Signal: NZDCHF
| Order | Sell |
| Direction | Bearish |
| Pattern | Trading in downward channel |
| Interval | 4 hours |
| Length (Candles) | 2 |
Idea Summary
The short term NZDCHF price forecast is bearish. The NZDCHF price is rising to test the upper bound of a downward channel. Most likely the price will reflect off the upper bound and continue declining while there is small likelihood it may breach above the upper bound and continue rising to test Fibonacci 32.8 level.
Note:
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