NZD/CHF chart - Trading View
- NZD/CHF is trading 0.16% lower on the day at 0.6837 at 1030 GMT, bias lower.
- The pair has slipped below 20-DMA and is on track to test 55-EMA support at 0.6807.
- Technical indicators have turned bearish. RSI has slipped below 50 and Stochs show bearish momentum.
- Upside remains capped at 5-DMA at 0.6850. Break above negates bearish bias.
- 55-EMA is major support and any further weakness only on break below.
Support levels - 0.6807 (55-EMA), 0.6791 (23.6% Fib), 0.6763 (110-EMA)
Resistance levels - 0.6850 (5-DMA), 0.6884 (Mar 18 high), 0.6915 (trendline)
Recommendation: Stay short on upticks, SL: 0.6855, TP: 0.6810
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
