| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
Since the beginning of December the NZD/CHF currency pair has been trading upwards within a rising wedge pattern.
From a theoretical point of view, it is likely that the exchange rate could continue to appreciate within the predetermined pattern until the begging of April. Then, a breakout south could follow.
Meanwhile, note that the rate is supported by the 55-, 100– and 200-period moving averages in the 0.6380/0.6430 range. Thus, a breakout north could occur, and the pair could target the 0.6700/0.6750 area.