NZDCHF managed to hit the 261.8% fib level that we have identified. After that, we saw a substantial retracement but did not managed to hit any of our levels. As price is currently heading towards the supply zone (red area) at approximately 0.6310 price level, I will be expecting a larger retracement to take place. Having said that, I will looking out for a potential retracement movement to the demand zone (green area). Definitely, there is a potential breakout of this area but as of now I will short till this demand zone. I will update again once we reaches this level.
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