NZD/CHF recovery encounters resistance

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


The New Zealand Dollar reached unseen lows against the Swiss Franc in early August. Although, the rate found support in the 0.4950 level, and started a recovery. However, at the start of September, the pair encountered resistance in the 0.5280/0.5335. The encounter was followed by a decline to the 0.5175/0.5200 range.

In the near term future, the pair could be pushed through the support of the 0.5175/0.5200 zone by the 50-day simple moving average. Below this range, the rate's descend might be slowed down by the 0.5100 and 0.5000 levels, before reaching the August low levels near 0.4950.

If the currency rate surges, it would have to break the 50-day simple moving average, the 0.5280/0.5335 zone and the trend line that connects the pair's high levels. If all of these levels are broken, then the NZD/CHF might approach the 200-day simple moving average and the 0.5400 mark.
Back to articles

Actual Topics

Tue, 17 Sep 2024 12:01:55 GMT

NZD/JPY might return to low levels

In early August, the New Zealand Dollar found support against the Japanese Yen in the 2024 low level at 83.15. This event was followed by a recovery that eventually encountered resistance at 91.50/91.80. In September, the rate declined. The ongoing decline might reach the support of the 2024 low level at 83.15. If this level fails to hold, the

Tue, 10 Sep 2024 11:22:37 GMT

AUD/CAD reveals a wide pattern

The AUD/CAD currency pair found support in early August near the 0.8850 level. This event was followed by a recovery that eventually reached and tried to pass above the 0.9200 mark. However, the surge failed and passed below the support of the 50-day simple moving average and the 0.9120/0.9135 range. By mid-September, the rate was heading to the 200-day

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.