| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The New Zealand Dollar has been depreciating against the Swiss Franc since the middle of March when the currency pair reversed south from the upper boundary of the ascending triangle pattern at 0.6921.
As apparent on the chart, the rate has already reversed north from the lower pattern line at the 0.6722 mark. Theoretically, it is expected that a bullish momentum prevails in the market, and the exchange rate targets the upper triangle boundary.
However, this advance might not be immediate, as the pair has to surpass the resistance level—the Fibonacci 61.80% retracement at 0.6814.