| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The New Zealand Dollar has been depreciating against the Swiss Krone after the NZD/CHF exchange rate reversed south from the upper boundary of the falling wedge pattern at 0.6660.
As apparent on the chart, the rate is trading near the lower pattern line located at 0.6406. From a theoretical perspective, it is expected, that a reversal north could occur. In general, if the given pattern holds, it is likely, that the rate could continue to go downwards.
However, note, that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 0.6511/0.6568 range. Thus, some downside potential could prevail in the market, and the pair could breach the given pattern south in the nearest future.