FxWirePro Currency Strength Index for NZD/CHF - Bias Bearish
FxWirePro's Hourly NZD Spot Index was at -101.418 (Bearish)
FxWirePro's Hourly CHF Spot Index was at 79.902 (Bullish)
Technical Analysis: Bias Bullish
- Pair fails to hold break above 5-DMA
- Price rejected at 200-DMA in last week's trade
- RSI below 50 levels, Stochs show rollover from overbought levels
- MACD on verge of bearish crossover on signal line
Support levels - 0.6786 (Oct 25 low), 0.6760 (trendline), 0.67 (trendline)
Resistance levels - 0.6868 (5-DMA), 0.69, 0.6937 (200-DMA)
Recommendation: Good to go short on rallies around 0.6870/90, SL: 0.6940, TP: 0.6820/ 0.6785/ 0.6760/ 0.67.
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