NZD/CHF 4H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyNeutral
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇒⇘

[ANNOUNCE] The NZD/CHF exchange rate has been declining within a falling wedge pattern since the beginning of September. [/ANNOUNCE] 

From a theoretical perspective, it is likely that the currency pair could trade downwards within the given pattern within the following trading sessions. Then, a breakout north could occur. 

Meanwhile, note that the exchange rate is pressured by the 55-period moving average near 0.6120. Thus, some downside potential could prevail in the market.

Actual Topics