NZD/CHF 1H Chart: Ascending triangle in sight

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;3) Neutral Neutral Neutral
 Alligator(13;8;5) Buy Buy Buy
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

The NZD/CHF currency pair has been trading between the psychological level at 0.6750 and the upper boundary of the ascending triangle pattern at 0.6917 since the end of January.  

As apparent on the chart, the exchange rate has already tested the upper pattern line. From a theoretical perspective, it is expected that the rate declines towards the lower pattern boundary. Important support level to look out for is the monthly PP at 0.6764.  

However, given that the pair is being supported by the 200-hour SMA, it is likely that the rate re-tests given pattern in the nearest future. If given triangle does not hold, a breakout north occurs within following sessions.

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.