| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The NZD/CHF exchange rate continued to trade upwards within the falling wedge pattern (1D time-frame chart).
From a theoretical perspective, it is likely that some upside potential could prevail in the market, as the currency pair should reach the upper pattern located circa 0.6380 within the following trading sessions.
If the given pattern holds, it is likely that a reversal downwards could occur, and the general direction would become south in the medium term. Otherwise, a breakout north could occur. Important level to look out for is the Fibonacci 38.20% retracement at 0.6546.