1D NZD/CHF SHORT

NZD/CHF seems to be at the top of an ascending channel in the 1D and 4H timeframes, while still under a downward trend in the 1W and 1M timeframes. We are also testing the 1W supply zone which is proving tough resistance. I anticipate that it will go down a bit from here at least to the bottom of the channel. If it bounces up from there, we may be looking at wedge pattern forming. Otherwise, most likely some more downside.