NZD/CHF 4H Chart: Moving towards 50-hour SMA

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

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

The New Zealand Dollar has appreciated massively against the Swiss Franc since the middle of September after the currency pair reversed from the lower boundary of a four-week ascending channel at 0.6333.

The exchange rate tested the upper boundary of the channel pattern at 0.6600 during yesterday's trading session. After hitting the resistance level, the pair made a pullback south and currently moving towards a support level formed by the 50-hour simple moving average at 0.6502.

If this support level holds, it is expected that the currency exchange rate will aim for a re-tests at the upper border of the channel at 0.6600 during the following trading sessions.

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