Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: NZD/CHF struggles at 200-DMA, stay long on break above

NZD/CHF chart on Trading View used for analysis

  • NZD/CHF trades 0.46% higher on the day at 0.6720 at 0945 GMT.
     
  • The pair has resumed upside after brief pause on Monday's trade, bias higher.
     
  • Stochs and RSI are biased higher. MACD is showing a bullish crossover on signal line.
     
  • Upside has paused at major resistance at 200-DMA (0.6718), break above to see upside continuation.
     
  • Further we see a 'Golden Cross' formation (bullish 50-DMA crossover on 200-DMA) on the daily charts which raises scope for upside.
     
  • Immediate resistance above 200-DMA lies at 50-DMA at 0.6750 ahead of 0.6822 (Dec 18 high).
     
  • Rejection at 200-DMA and dip below 5-DMA to see further weakness.

Support levels - 0.6683 (5-DMA), 0.6675 (38.2% Fib), 0.6613 (23.6% Fib)

Resistance levels - 0.6718 (200-DMA), 0.6750 (50-DMA), 0.6776 (61.8% Fib)

Recommendation: Stay long on breakout at 200-DMA, SL: 0.6675, TP: 0.6750/ 0.6775/ 0.6820

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 814241814241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 814241814241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 826061826061m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 814241814241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 826061826061m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 814241814241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 814241814241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 814241814241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.