NZD/CHF 4H Chart: Decline in sight

Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Buy Neutral Sell
Alligator (13; 8; 5) Sell Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

Bullish sentiment has been dominating the New Zealand Dollar versus the Swiss Franc since the middle of September. This bullish momentum began after the currency pair reversed from the bottom border of a long-term descending channel at 0.6300 on September 19.

The exchange rate breached the weekly S1 at 0.6820 during the morning hours of Tuesday's trading session.

Everything being equal, it is likely that the currency exchange rate continues to make its temporary retracement towards the lower boundary of an ascending channel pattern at 0.6674 during the following trading sessions.

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