Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Buy | Buy | Buy |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇗ | ⇗ |
The NZD/CHF currency pair has been trading between the psychological level at 0.6750 and the upper boundary of the ascending triangle pattern at 0.6917 since the end of January.
As apparent on the chart, the exchange rate has already tested the upper pattern line. From a theoretical perspective, it is expected that the rate declines towards the lower pattern boundary. Important support level to look out for is the monthly PP at 0.6764.
However, given that the pair is being supported by the 200-hour SMA, it is likely that the rate re-tests given pattern in the nearest future. If given triangle does not hold, a breakout north occurs within following sessions.