| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Since the beginning of November, the NZD/CHF exchange rate has been trading within a rising wedge pattern.
From a theoretical perspective, it is likely that the currency pair could breach the given pattern south and trade downwards in the nearest future. The pair could target the support level—the Fibo 38.20% at 0.6040.
In the meantime, note that the exchange rate could gain support from the 55– and 100-period moving averages in the 0.6315/0.6350 range. Thus, some upside potential could continue to prevail in the market.