NZDCHF (May 24)

What we have here is a very good example of a channel. Previously, price has moved up and down within this range with no hesitation but now price is in a small consolidation after the move up. Could this signify something significant is about to happen? There is no doubt about that, and price could indeed break this structure to the upside. For now we leave this pair out of our watchlist for the upcoming week.