4H CHART EXPLANATION:

We observe that price is on a consolidation after bouncing at the Resistance Zone. We know that near the breakout is the Support Zone at 0.61900, so, we will wait for a breakout of the Structure and also of the Support Zone to take a safer trade. The target of the downside movemente is the Daily Support Zone at 0.60700.

DAILY CHART:

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analysischfMultiple Time Frame AnalysisNZDNZDCHFsetupshortSupport and ResistanceTrend Analysis

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