Pressure On NZDCHF Continues

The fact that the Swiss National Bank has emphasized that they will continue to support the strong Swiss Franc in the past weeks causes the pressure on the pair to continue. The pair, which is under the downtrend, finally ended the flag formation, allowing the 0.5560 support, which corresponds to the Fibonacci 100.0 percent expansion level, to be targeted. As long as this region is not exceeded in the exchange rate, in which we will follow the 0.5643 resistance for possible recovery, the declines may want to accelerate.