| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Buy |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The New Zealand Dollar continued to depreciate against the Swiss Franc within the medium-term descending channel.
As apparent on the chart, the NZD/CHF currency pair is testing the upper channel boundary at the 0.6555 mark. From a theoretical point of view, it is expected, that a reversal south could occur in the nearest future, and the pair could target the lower channel line located in the 0.6320/0.6400 range.
However, if the given channel does not hold, a breakout north could occur in the short term, and the exchange rate could target to the Fibonacci 23.60% retracement at the 0.6620 mark.