This pair has broken a major support trendline and is looking to be forming a reversal wedge. I am expecting another bounce from the new support of wedge, then a large break down.
Wait for a clean break down to go short.
It will be invalid above the resistance around the 0.72865.
If we take a look at the NZDCHF pair on a weekly time frame, we can see how many time's the pair have bounced off this area of support and resistance, and we are now at this area again. I am short this pair, entering on a 15 min chart.