NZD/CHF 1H Chart: Short-term channel in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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

The New Zealand Dollar has been depreciating against the Swiss Franc since the beginning of December. This movement has been bounded in the descending channel.

It is expected that the general direction remains south as the currency pair is being pressured by the 55-, 100– and 200-hour SMAs. It is likely that the rate targets the psychological level at the 0.6600 mark. Technical indicators for the short run support bearish scenario. 

However, if given channel holds, short-term advance is expected to occur in the nearest future. Most likely the exchange rate re-tests the 200-hour moving average within following sessions and then reverses south.

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