MarketBreakdown | NZDUSD, BITCOIN CASH, USDCHF, EURGBP

24 mar 2022

Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.

1️⃣ NZDUSD - Daily time frame 🇺🇸🇳🇿

The pair is still coiling around a strong daily structure resistance.
Even though the price managed to set a new high on intraday time frames yesterday
I still expect a pullback from that structure.

2️⃣ Bitcoin Cash - 3 days time frame

The market broke and closed above a major resistance cluster.
Now we see its retest.
I am very bullish and I assume that the coin will keep growing soon.
Next resistance: 395 / 415.

3️⃣ USDCHF - Weekly time frame 🇺🇸🇨🇭

The pair is still trading on a major falling trend line that the price broke to the upside on a weekly.
The bias remains bullish.
I believe that soon the market may reach 0.945 level.

4️⃣ EURGBP - Daily time frame 🇪🇺 🇬🇧

The pair is trading in a long-term bearish trend.
This week the price broke and closed below strong local structure support on a daily.
With a high probability, the market will keep falling.
Goal for sellers - 0.825.

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