NZDCHF long view

Looking at the graph on the four-hour time frame, we see that we are in a corrective channel after reaching the previous high at 0.67669. Then the pair makes a pullback forming this new channel. We find the support at 0.65000 and then bounce again, heading to the top line of the channel. Above, moving averages await us, and customers now expect a breakthrough of that line of resistance, and pre-consolidation zones around 0.66000, so that we can move freely towards 0.67500. For the bearish option, we need to pull back below the moving averages and bearish consolidation around the bottom line of the channel and then break below it for a clean bearish signal. Looking at the MACD indicator, we see that the blue MACD line crossed over the signal line forming a bullish signal based on that, indicating that there may be a continuation and growth of this pair to higher levels on the chart.