NZD/CHF bears are in play and focus with downside prospects on the table. Bulls are testing the bear’s commitments at a critical resistance structure. NZD/CHF is steady in the Tokyo open but the downside is more compelling at this juncture as the bulls tire at critical resistance. The following illustrates the path of least resistance on the daily chart and prospects of an imminent breakout of the symmetrical triangle on the hourly chart. Daily chart The cross is embarking on a significant correction, but the bears are stepping up at a critical resistance structure, so the focus is on the downside. Hourly chart From an hourly perspective, the symmetrical triangle is in play, A breakout on either side could be significant. The bears will be looking for a break of the prior hourly lows for a daily downside extension. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Price Analysis: Eyes to regain 1.3800, bumpy road ahead FX Street 8 months NZD/CHF bears are in play and focus with downside prospects on the table. Bulls are testing the bear's commitments at a critical resistance structure. NZD/CHF is steady in the Tokyo open but the downside is more compelling at this juncture as the bulls tire at critical resistance. The following illustrates the path of least resistance on the daily chart and prospects of an imminent breakout of the symmetrical triangle on the hourly chart. Daily chart The cross is embarking on a significant correction, but the bears are stepping up at a critical resistance structure, so the focus… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
