CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 0.7310


SUPPORT LEVELS : 0.681


PAIR ANALYSIS :


NZD/CHF has been traded in a trendless pattern as indicated in fig 1. The pair actually is in a slightly bearish secondary behavior and it is possible that the tendency can support the trendless analysis in consideration of the linear regression slope around -0.001, the chart analysis and the parabolic Sar distribution.
The cyclic and the chart analysis can support the possible secondary bullish retracement around the support line at with objective at 0.71667 zone.
A bullish crossing at 0.7310 could be an indication of a bullish recovery and a bearish crossing at 0.681 could suggests a bearish trend domination.
Considering the chart analysis can be evaluated a forecast price at the 0.69887.


FIGURE 1 shows the trendlines



FIGURE 2 indicates the tendency

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