NZDCHF testing resistance zone and looks to resume bearish
NZD pairs have been bearish across the board expect against the CHF experiencing a short term bullish move. While the moving average is rather invalid in this analysis serving no clear trend spotting, the resistance zone suggests that this pair is back on track to continue its bearish trend. The bearish trend is not established with the moving average, but rather on the longer hourly and daily time frames.
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