AlkalineFX
Short

NZDCHF - Lovely Pair

FX:NZDCHF   New Zealand Dollar/Swiss Franc
We came to test the key structure at level 0.62250 and rejected it multiple times, we are now seeing signs of a sell off from this region. The previous bearish engulfing daily closure suggests to me that this pair is pointing more for a sell than a buy. I have marked the target levels I am interested in as well as the level that I would consider buys from if broken.

41.4% of commercial players are short according to our COT Data source (This is my only concern)
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