FxWirePro Currency Strength Index for NZD/CHF: Bias Bearish
FxWirePro's Hourly NZD Spot Index was at -91.206 (Bearish)
FxWirePro's Hourly CHF Spot Index was at 57.1599 (Neutral)
Technical Analysis: Bias Bearish
- RSI and Stochs are biased lower, RSI below 50
- MACD shows bearish crossover on signal line
- -ve DMI crossover on +ve DMI
- Upside capped at 20-DMA (0.70)
Support levels - 0.6933 (200-DMA), 0.6916 (cloud top), 0.6865 (61.8% Fib)
Resistance levels - 0.7003 (20-DMA), 0.7025 (5-DMA), 0.7066 (Jan 23 high)
Recommendation: Good to go short on rallies around 0.6970/80, SL: 0.7010, TP: 0.6935/ 0.69/ 0.6865.
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