In this video i show the levels that i am watching from a fundamental perspective for shorts on NZDCHF . The Nzd economy being dependent on the Chinese demand we know that it will continue to see weakness until the corona virus is curbed by china and the world health organization and as traders i believe this offers a good opportunity to capitalize.I paired the NZD pair with CHF because NZD is weak and CHF is a safe haven that inflates during global instability hence going into this week expect CHF strength and NZD weakness. I am hoping for a pull back to my levels of Resistance as those areas offer a good risk reward ration when shorting the pair.
In this video i show the levels that i am watching from a fundamental perspective for shorts on NZDCHF . The Nzd economy being dependent on the Chinese demand we know that it will continue to see weakness until the corona virus is curbed by china and the world health organization and as traders i believe this offers a good opportunity to capitalize.I paired the NZD pair with CHF because NZD is weak and CHF is a safe haven that inflates during global instability hence going into this week expect CHF strength and NZD weakness. I am hoping for a pull back to my levels of Resistance as those areas offer a good risk reward ration when shorting the pair.