Hello traders! ‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, with clear lower lows and lower highs,but for now I see price to continue the retracement to take buy stop liquidity and to fill the imbalance higher. As well price formed normal divergence which indicates bullish price action.
Fundamental analysis: On Thursday will be released quarterly CPI on NZD which was forecasted to increase this means strength of currency and validation of our analysis.
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