NZD/CHF may rise 22 - 33 pips

Our pivot point stands at 0.5218.

Our preference

The upside prevails as long as 0.5218 is support.

Alternative scenario

Below 0.5218, expect 0.5201 and 0.5190.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5232 and 0.5228).

Supports and resistances

0.5294 **

0.5283 *

0.5273 **

0.5262

0.5240 last

0.5225

0.5218 **

0.5201 *

0.5190 **

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