The NZD/CHF pair has been consolidating for over a month ranging between 0.6860 and 0.6500. On January 19, with a daily close below 38.2% Fibonacci, NZD/CHF confirmed its potential weakness.
Consider selling NZD/CHF at the current level targeting S2 support (50% Fibs) with stop loss just above the middle line of the descending channel.
Support: 0.6450, 0.6318
Resistance: 0.6613
