| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The New Zealand Dollar has been depreciating against the Swiss Franc since the end of December. This movement has been bounded within the descending channel.
From a theoretical point of view, it is likely that the NZD/CHF currency pair could continue to trade downwards within the given channel in the medium term. In this case the pair could gain support of the monthly S1 and S2, located at 0.6126 and 0.6019 respectively.
However, if the exchange rate fails to surpass the 0.6200 level, it is likely that a reversal north could occur within the following trading sessions. In this case the rate could face the resistance level formed by the Fibonacci 23.30% retracement at 0.6407.