We have a breakout alert on the daily chart of this currency pair, so keep an eye!
In the years between April 2020 and January 2021 GBP/CHF now has 30 pipes above the 1.2190 mark.
Are we watching a breakdown?
Bulls should buy and keep up until the bullish strength of GBP/CHF has become lower or up to the previous inflexion stages, such as 1.2470, and 1.2540.
But what if we just look at a fake?
Look for any GBP/CHF bay pressure that may pull a pair into the range to revisit the 1,1950 intermediate or 1,1675 range support levels.
NZD/CAD consolidates the psychologic handle about the 9200th, a hair width that is a product of increasing triangular resistance in the 1 hour timeframe.
Want to see this week a breakout?
Kiwi who assumes that the resistance area will last a day but will finally increase its pattern can wait for the triangle help test to take place again close to the SMA 200..
If you believe the failure to infringe on the .9200 suggest that NZD/CAD is heading for a downside turnaround, then you would at least want to wait before putting short orders for the Kiwi drop below trend lines.
In the meantime, those who think that the new restructuring of the NZD/CAD would result in an upturn should position orders to buy only higher than in January.