Explanations are visible on the chart.
Note no.1: still no visible downtrend, so let's go down to the lower timeframes.
Note no.2: notice how powerful the 50 MA dynamic resistance became in the bubble zone.
Note no.1: still no visible downtrend, so let's go down to the lower timeframes.
Note no.2: notice how powerful the 50 MA dynamic resistance became in the bubble zone.
Comment:
Full NZDCHF analysis: