Hello, my dear friends and the fellow community members.

NZDCHF is at 38.2 percent retracement level of the previous fall. The pair is finding it difficult to find more buyers here. I expect the price to make a new low next week. I may go short in this pair in the coming week. There is no high impact report due from NewZealand except Business NZ PMI on Friday .

Here is the chart showing the trade setup.

Happy trading.

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