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NZDCHF seems to be falling in downtrend further based on the technical analysis. 4HR chart shows bearish momentum below 0.6882. If happens, the bearish run may extend upto 0.6820 keeping 0.6940 as Stop loss.
ijayakumar's Blog
EURNZD and NZDCHF to watch ahead of NZ Interest decision
Trading ahead of priority and critical event is risky but on the other hand if we handle it carefully then we may also get good profits in no time. I would like to choose EURNZD for NZ bearish and NZDCHF for NZ bullish. NZD is so bullish and it is signalling that it may post highs again if the interest rate happened with little dovishness. Yet, critical event always surprises you and hence prepare for both. In line with this, please find the NZDCHF 4HR chart,
Though the 4 HR chart shows a beari…
Though the 4 HR chart shows a beari…