Even though I would agree we are still in an overall bearish trend.
Price has begun to stall at a support level, which previously acted as resistance on the Daily chart. This level also coincides with the 0.5 FIB level.

Target placed below previous high to take into account the overall bearish momentum.

Let me know what you think!
Chart PatternsTechnical IndicatorsNZDCHFnzdchfshortTrend Analysis

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