| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The NZD/CHF currency pair has been trading downwards within a falling wedge pattern since the beginning of September.
From a theoretical perspective, it is likely that some downside potential could prevail in the market within the following trading sessions. Then, a breakout north could follow, and the exchange rate could target the Fibo 50.00% at 0.6246.
Meanwhile, note that the rate is pressured by the 55-, 100– and 200-period moving averages in the 0.6085 area. Thus, some downside potential could continue to prevail in the market.