NZDCHF: Bearish Outlook Continues
NZDCHF: WEEKLY SCENARIO
NZDCHF Technical Analysis: Weekly Chart
In the weekly charts, NZDCHF is trading in a down channel. NZDCHF is currently trading below all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 0.5400 the resistance level is at 0.5500
NZDCHF will trade in a down channel until there is a trend reversal.
NZDCHF Technical Analysis: Daily Chart
In the daily charts, NZDCHF is trading in a down channel. USDCHF is currently trading below all SMA except MA(20).
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 0.5400 the resistance level is at 0.5550
NZDCHF will trade in a down channel until there is a trend reversal.
How to Trade NZDCHF this Week:
NZDCHF will follow the downtrend until its trend reversal. So, remain bearish on NZDCHF