I am currently long the nzd/chf but I am watching to see how it reacts to the previous range high (rectangle) 0.6389. If we can hold above the regression line as well as the low of the breakout day- 0.6363 then the trend to the upside is still intact. But if we get more selling and close below the 0.6363 level then I will reverse my long position to a short looking for a deeper correction back toward the weekly pivot at 0.6300.