FX.co ★ NZDCHF H1: Bearish Rectangle

According to the chart of H1, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4590 - 0.0000 and support 0.4573 – 0.4573. In case the resistance level 0.4573 - 0.4573 is broken, the instrument is likely to follow the bearish trend.