Potential Short for NZD/CHF
Technically we have a strong bearish trend on the NZD against the CHF. This level highlighted in green is critical if it broke which is more likely than not. Entering a short position on a retest is a good trade.
Fundamentally NZD is bearish as their GDP contracted from 2.4% to -3.7% so it's more likely that they want to maintain loose monetary policy to boost their GDP
Fundamentally NZD is bearish as their GDP contracted from 2.4% to -3.7% so it's more likely that they want to maintain loose monetary policy to boost their GDP
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