NZDCHF Down 4 Pips in Last Hour, Moves Up For the 2nd Consecutive Day; Price Base in Formation Over Past 30 Days

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Hourly Update (Last Updated January 7, 2021 7:23 GMT) At the moment, NZDCHF’s rate is down -4 pips (-0.07%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NZDCHF has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a bearishness…

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