NZD/CHF: bears remain active
Trade idea
SELL 0.6560; TP 0.6530; SL 0.6570
NZD/CHF formed a bearish candlestick with a long lower shadow on W1. On D1, there was a “bearish engulfing” pattern followed by a bearish candlestick. It means that as long as the pair is trading below 0.6565 (resistance level marking a top), downside risks prevail.