| 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 | Neutral |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The NZD/CHF exchange rate has been extending gains within a rising wedge pattern since the middle of June.
From a theoretical perspective, it is likely that the currency pair could continue to trade upwards within the given pattern in the medium term. Note that the pair could face the resistance area formed by the Fibo 50.00% and the monthly R1 in the 0.6246/0.6295 range.
If the given resistance holds, it is likely that a reversal south could occur, and the exchange rate could decline to the Fibo 38.20% at 0.6040.