NZD/CHF may rise 16 - 24 pips

0.5314 is our pivot point.

Our preference

Rebound towards 0.5352.

Alternative scenario

The downside breakout of 0.5314 would call for 0.5301 and 0.5293.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5332 and 0.5342).

Supports and resistances

0.5368 **

0.5360 *

0.5352 **

0.5344

0.5328 last

0.5319

0.5314 **

0.5301 *

0.5293 **

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