NZDCHF: Daily Support Broken But Remain CautiousNew Zealand Dollar / Swiss FrancCMCMARKETS:NZDCHFFinancialGamblRNZDCHF has been in a range since December 2025. Price has been very choppy between the two daily levels (dotted blue lines). At last week's close, price broke and closed below the support level. I'm not confident this support level will hold up due to the intraday price action. If we switch focus to the H1 timeframe, price can be seen to be very choppy. I have identified and labelled two previous false breakouts. Therefore, I am not very confident that this breakout will sustain. In order for it to sustain, price will need to retrace and hold below the EMA20 and EMA60. From there, I'll find it more encouraging to make an entry level decision.