NZDCHF Technical Analysis: Weekly Chart

In the weekly charts, NZDCHF was trading in down channel. NZDCHF is currently trading below all SMA.

RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.5920 & the resistance level is at 0.6036.

NZDCHF was trading in down channel before there is breakout downside.

NZDCHF Technical Analysis: Daily Chart

In the daily charts, NZDCHF was trading in down channel. NZDCHF is currently trading below all SMA.

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

Its immediate support is 0.5959 & the resistance level is at 0.6011.

NZDCHF was trading in down channel before there is breakout upside.  

How to Trade NZDCHF this Week:

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

TRADE SUGGESTION- SELL AT 0.5995, TAKE PROFIT AT 0.5959 AND STOP LOSS AT 0.6011