NZD/CHF may rise 23 - 35 pips

0.5210 is our pivot point.

Our preference

Rebound towards 0.5267.

Alternative scenario

Below 0.5210, expect 0.5191 and 0.5179.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5232 and 0.5238).

Supports and resistances

0.5290 **

0.5279 *

0.5267 **

0.5255

0.5232 last

0.5218

0.5210 **

0.5191 *

0.5179 **

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