NZD/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The New Zealand Dollar is about to break out of a short term ascending channel against the Swiss Franc. The reason for that is the fact that the currency exchange rate has recently reached the upper trend line of a medium term descending channel pattern. However, previously the currency pair already hit the lower trend line of the large scale long term channel up pattern's lower trend line, and that fact indicates that the pair is also set to break also the medium term channel. Due to these factors combined it is almost impossible to pinpoint the rates exact future movements, but the general upwards trend can be still used for guidance.
© Dukascopy Bank SA
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