NZDCHF facing bearish pressure | 5th August 2021

NZDCHF reversed from 1st resistance of 0.64060 , in line with descending trendline, 78.6% Fibonacci retracement and 100% Fibonacci extension. Prices are expected to fall to 1st support of 0.63269, in line with 78.6% retracement and 61.8% extension. Alternatively, price may rally to 2nd resistance of 0.64380, in line with 127.20% Fibonacci extension. Indicator showing bearish bias.

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