NZD/CHF may rise 26 - 37 pips

Our pivot point stands at 0.5475.

Our preference

The upside prevails as long as 0.5475 is support.

Alternative scenario

Below 0.5475, expect 0.5456 and 0.5445.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5487 and 0.5478). Finally, the NZD/CHF has crossed above its upper Bollinger band (0.5492).

Supports and resistances

0.5553 **

0.5542 *

0.5531 **

0.5520

0.5494 last

0.5482

0.5475 **

0.5456 *

0.5445 **

Number of asterisks represents the strength of support and resistance levels.