the pair has stated it's trading week under the level of 0.6800 and that's mean that the down trend is expected for this week and the pair might head to 0.6770 and then 0.6740
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the pair has stated it's trading week under the level of 0.6800 and that's mean that the down trend is expected for this week and the pair might head to 0.6770 and then 0.6740
If a M15 close above 0.6750 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.6500 sell only and do not buy. If price closes back above it again do nothing
The range 0.6750 and 0.6500 is neutral area, any trade done in between is personal decision and not part of this analysis
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
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
NZD/CHF is in a directionless consolidation, we can see that the price is gravitating heavily to the downside. It has repeatedly found support at the 0.6740, yet after every bounce it tends to return to this area, creating a pronounced bearish bias.
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.
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
Topside gains should be limited noting the convergence of the 20-day moving average and the 23.6% Fibonacci extension taken from the February 9th and April 6th crests at the 0.69-figure.
The recent volatility created by events in Europe is not visible in all currencies. While most of the currency pairs experienced price swings a little larger than normal, a few of the crosses have actually become less volatile and contracted sharply.
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