NZDCHF Technical Analysis: Weekly Chart

In the daily charts, NZDCHF is trading in a down channel. NZDCHF is currently trading below 50 and 100 days SMA & above 20 days SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.6226 & the resistance level is at 0.6378.

NZDCHF will trade in the down channel until there is trend reversal.

NZDCHF Technical Analysis: Daily Chart

In the daily charts, NZDCHF is trading in a down channel. NZDCHF is currently trading below 20 and 50 days SMA & above 100 days SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.6298 & the resistance level is at 0.6341.

NZDCHF will trade in the down channel until there is trend reversal.  

How to Trade NZDCHF this Week:

NZDCHF will follow the downtrend until their trend reversal. So, remain bearish on NZDCHF.

TRADE SUGGESTION- SELL AT 0.6319, TAKE PROFIT AT 0.6298 AND STOP LOSS AT 0.6341