| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
Since the middle of October, the NZD/CHF currency pair has been trading within a rising wedge pattern.
From a theoretical point of view, it is likely that a breakout south from the predetermined pattern could occur in the nearest future. In this case the exchange rate could re-test the psychological level at 0.5960.
Meanwhile, note that the rate is supported by the 55-, 100– and 200-period moving averages near 0.6060 area. Thus, some upside potential could continue to prevail in the market, and the pair could target the Fibo 50.00% at 0.6246.