| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The NZD/CHF currency pair has been trading within an ascending channel since the end of March. The pair has already surpassed the 0.5850 level.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given channel in the medium term. In this case the rate could face the resistance formed by the Fibonacci 38.20% retracement at 0.6153 at the beginning of June.
However, note that the currency pair would have to surpass the Fibonacci 23.30% retracement at 0.5919. If the given level holds, it is likely that a reversal south could occur, and the pair could re-test the psychological level at 0.5300.