NZD/CHF seems to hold the most potential for a future widening of rate differentials. Inflation expectations have moved above the RBNZ's target range
Printable View
NZD/CHF seems to hold the most potential for a future widening of rate differentials. Inflation expectations have moved above the RBNZ's target range
NZD/CHF could be getting ready for another move down. Of course, this is dependent on breaking the 0.6740 support, but if it happens, the price could easily test the major low of 0.6380.
the pair has closed it's daily candle under 0.6500 , that's mean the down trend is expected and the pair might head to 0.6470 then 0.6440 , however the pair made a hourly correction
in time frame 1 hour we can see small up trend and price now go up to test this strong resistance if can close up it will see pair go for up . if can't will go down
photo for analyze
we can notice from the chart that the pair has closed it's daily candle under 0.7000 , that's mean the down trend is expected and the pair might head to 0.6930 then 0.6900 , however the pair made a hourly correction
as we can see the 4 hr chart been trading between 2 levels upper at 0.6655 and bottom at 0.6410. anyway the pair over ema50 and this is asign for the control of buyers so far. should test the resistant level mentioned before more upward confirmed
If a M15 close above 0.6650 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.6560 sell only and do not buy. If price closes back above it again do nothing
The range 0.6650 and 0.6560 is neutral area, any trade done in between is personal decision and not part of this analysis
A daily chart of the NZD/CHF pair identifies a descending wedge formation as recent risk aversion flows continue to see traders moving from the higher-yielding, growth-linked currencies, into the safety of the swissie
NZD/CHF could be getting ready for another move down. Of course, this is dependent on breaking the 0.6740 support, but if it happens, the price could easily test the major low of 0.6380.
as we can see from the chart has success in breaking the level of 0.6900 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 0.6830 then 0.6800