NZD/CHF may rise 23 - 34 pips

Our pivot point stands at 0.5411.

Our preference

Our next up target stands at 0.5462.

Alternative scenario

Below 0.5411, expect 0.5394 and 0.5383.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.5426 and 0.5425).

Supports and resistances

0.5483 **

0.5473 *

0.5462 **

0.5451

0.5428 last

0.5418

0.5411 **

0.5394 *

0.5383 **

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