| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The New Zealand Dollar has been depreciating against the Swiss Franc since the middle of March when the NZD/CHF currency pair reversed from the upper boundary of the short-term ascending channel at 0.6920.
Currently, the pair is trading near the lower channel line at 0.6753. From a theoretical perspective, the exchange rate should reverse north and target the upper channel line. However, the rate has to surpass the resistance cluster formed by the 55-, 100– and 200-hour SMAs in the 0.6803/0.6837 range.
If the given resistance holds, a breakout south from the channel might occur in the nearest future. A possible downside targets the psychological level at 0.6700.