| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Swiss Franc has been appreciating against the New Zealand Dollar since the beginning of May within the falling wedge pattern.
Currently, the NZD/CHF currency pair has been trading near the support level—the weekly S1 at 0.6550. From a theoretical perspective, it is expected, that a breakout north should occur within the following trading sessions. A possible upside target is the Fibonacci 38.20% retracement at 0.6636.
However, note, that the exchange rate is pressured by the 55-, 100– and 200-hur SMAs. If the given resistance holds, a breakout south could occur in the nearest future, and the rate could target the psychological level at 0.6450.