NZDCHF is in downtrend based below SMA 100 on H1 frame Price is based below HVN at level 0.6026 which indicates that pair is in distribution phase Pair broke key level at 0.5847 MACD shows bearish momentum RSI is below level 50 It's expected for selling to target 61.8% Fibonacci level of preceding bullish wave at level 0.5693
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