NZDCHF on the 1D time-frame
NZDCHF may fall to 0.6042 - 0.6120
Our preference
The downside prevails as long as 0.6433 is resistance.
Alternative scenario
The upside breakout of 0.6433, would call for 0.6565 and 0.6644.
Comment
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6363 and 0.6361).
Our preference
The downside prevails as long as 0.6433 is resistance.
Alternative scenario
The upside breakout of 0.6433, would call for 0.6565 and 0.6644.
Comment
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6363 and 0.6361).
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