NZDCHF - H4

In the NZDCHF currency pair, in the 4-hour chart, we see the price moving in a downward channel. In this process, the price has hit the roof of the canal 3 times and the floor of the canal twice. In the latest price movement, we saw that the price hit the roof of the canal and failed to break through it and entered the downward phase. Therefore, we expect the price to fall to the bottom of the channel, the price of 0.5722. This trend can also be seen in the MACD indicator.



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