NZD/CHF may rise 23 - 33 pips

Our pivot point is at 0.5240.

Our preference

The upside prevails as long as 0.5240 is support.

Alternative scenario

Below 0.5240, expect 0.5222 and 0.5211.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5253 and 0.5254).

Supports and resistances

0.5313 **

0.5302 *

0.5291 **

0.5281

0.5258 last

0.5247

0.5240 **

0.5222 *

0.5211 **

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