NZD/CHF
Short
Updated

NZDCHF Generates Short Entry on Rounded Top

246
Price on NZDCHF has formed quite an arch or Rounded Top since its last visit of Support back in June.

During the recent descent, we can see price has given us a slight pullback back to an Area of Value that is being tested as a Local Resistance level in the .4680 - .4670 area.

If price continues to be rejected from here, we could see price continue falling to the next area of Support being the .4570 -.4560 area!
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