NZD/CHF may rise 19 - 27 pips

Our pivot point stands at 0.5569.

Our preference

As long as 0.5569 is support look for 0.5608.

Alternative scenario

The downside breakout of 0.5569 would call for 0.5555 and 0.5547.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5574 and 0.5560).

Supports and resistances

0.5625 **

0.5616 *

0.5608 **

0.5600

0.5581 last

0.5575

0.5569 **

0.5555 *

0.5547 **

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