NZD/CHF 4H Chart: Breaches resistance cluster

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

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

[ANNOUNCE]The NZD/CHF currency pair has been moving in an ascending channel after the it reversed from the bottom border of a dominant descending channel pattern on September 19.[/ANNOUNCE]

Currently, the exchange rate is trading near the upper boundary of an ascending channel at 0.6681 during the morning hours of Friday's trading session. Moreover, the pair breached a resistance cluster formed by the combination of the weekly and the monthly PPs near the 0.6682 region.

Everything being equal, it is likely that the currency exchange rate makes a brief retracement south towards the weekly R1 at 0.6589 during the following trading sessions.

Actual Topics