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NZDCHF 11 May 2023

NZDCHF 11 May 2023 on the H4 timeframe, it looks like this pair has been experiencing a bullish trend since last week and still continues to rise towards the Resistance line, it is also reinforced by the MFI indicator that still above the 50 level. However, if you refer to the stochastic indicator, it is possible that there will be a trend change caused by saturation due to overbought. If that happens, then go-short could be an option. Be aware of market volatility and trade with your own risk.

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