NZD/CHF 1H Chart: Two scenarios likely

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

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

The New Zealand Dollar has been appreciating against the Swiss Franc since the beginning of January after the exchange rate reversed from the lower boundary of the medium-term descending channel at 0.6530.  

As apparent on the chart, the currency pair is trading near the upper channel line located circa 0.6720. From a theoretical point of view, the rate should reverse south and target the lower channel line located in the 0.0635/0.6400 range. 

If given channel does not hold, it is likely that a breakout north occurs in the nearest future. Potential upside target is the Fibonacci 61.80% retracement at 0.6822.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.