| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The New Zealand Dollar has been depreciating gradually against the Swiss Franc since the beginning of October after the NZD/CHF exchange rate reversed north from the Fibonacci 0.00% retracement at 0.6190. Currently, the rate is trading at 0.6300.
Given that the currency pair is supported by the 55-, 100– and 200-hour moving averages, currently located in the 0.6262/0.6272 area, it is likely that bulls could prevail in the market. Important level to look out for is the Fibonacci 23.305 retracement at 0.6408.
It is unlikely that bears could prevail in the market, and the exchange rate could drop lower than the lower boundary of the falling wedge pattern (1D time-frame chart) located circa 0.6100.