NZDCHF: A Potential Contracting TriangleNZDCHF: A Potential Contracting Triangle
NZDCHF is about to complete a contracting triangle pattern.
The price is still developing the pattern.
So far it is not ready yet but a move above the pattern should increase
the chances for a bigger bullish wave.
CHF has been very strong for a long period of time and it needs to correct.
However, the CHF strength is not related to the fact that CHF is a strong currency but is related to the problem that SNB keeps manipulating its strength but intervening in the market.
Thank you and Good Luck!