EliteTradingSignals

NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Hello,Friends!

The BB upper band is nearby so NZD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.533.

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Comment:
I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!

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