NZD/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The New Zealand Dollar is trading against the Swiss Franc simultaneously in the medium-term descending and short-term ascending channels. The junior pattern represents the bounce off from the dominant pattern's bottom trend line in a combination with the 38.2% Fibonacci retracement level of the 2017 high and 2016 low levels near the 0.6738 mark. For the moment, the currency exchange rate is trying to break through the upper edge of the senior channel. This attempt most likely is going to fail, as the upper boundary is additionally supported by the 61.8% Fibonacci retracement level at 0.6962. Accordingly, in the upcoming trading days the junior channel most probably is going to be broken and the pair will continue to fluctuate within the boundaries of the dominant descending channel.

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