NZD/CHF 4H Chart: Bearish this week

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

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

The NZD/CHF currency pair has been trading in a descending pattern during the past two weeks. The exchange rate tested the dominant channel on June 14 and fell to a one-month low level.

A strong resistance cluster set by the combination of the 55-, 100-, 200-, hour SMAs and the weekly and the monthly PPS located near the 0.69 regions has pushed the price lower.

In the meantime, technical indicators flash sell signals during this week sessions, indicating that the currency exchange rate might decline further south toward the bottom border of the dominant pattern.

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