NZD/CHF 1H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)BuyBuyNeutral
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇒⇘

[ANNOUNCE] The Swiss Franc has been appreciating against the New Zealand Dollar since the beginning of May within the falling wedge pattern. [/ANNOUNCE] 

Currently, the NZD/CHF currency pair has been trading near the support level—the weekly S1 at 0.6550. From a theoretical perspective, it is expected, that a breakout north should occur within the following trading sessions. A possible upside target is the Fibonacci 38.20% retracement at 0.6636. 

However, note, that the exchange rate is pressured by the 55-, 100– and 200-hur SMAs. If the given resistance holds, a breakout south could occur in the nearest future, and the rate could target the psychological level at 0.6450.

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