NZDCHF: WEEKLY SCENARIO

NZDCHF Technical Analysis: Weekly Chart

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

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

Its immediate support is 0.5400 the resistance level is at 0.5500

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

NZDCHF Technical Analysis: Daily Chart

In the daily charts, NZDCHF is trading in a down channel. USDCHF is currently trading below all SMA except MA(20).

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

Its immediate support is 0.5400 the resistance level is at 0.5550

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

How to Trade NZDCHF this Week:

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

TRADE SUGGESTION- SELL AT 0.5508, TAKE PROFIT AT 0.5400, AND STOP LOSS AT 0.5600.