NZD/CHF Daily Bearish Butterfly Formed

 | Feb 12, 2017 01:05PM ET

On NZD/CHF daily bearish butterfly formed. PRZ not validated. Price after establishing of harmonic, is in a range. A distribution phase which is confluence to bearish harmonic increases chances for the price to break down in bearish zone.

If the price breaks down from 0.72203 then it will become a qualified bearish trend.
Support 0.70211 0.68617 0.67655