ForexProfitZone - NZD/CHF | New Zealand Dollar to Swiss Franc Trading Analysis

NZD/CHF | New Zealand Dollar to Swiss Franc Trading Analysis

Saturday September 25, 2021

As stated by the head of the SNB T. Jordan, commenting on the results of the Swiss central bank's monetary policy meeting: At the moment, the course of the expansionary monetary policy of the central bank is correct and there is no reason to change it.

NZD/CHF,D1

Pivot: 0.6523

Analysis:

While the price is above 0.6382, follow the recommendations below:

Time frame: D1
Recommendation: long position
Entry point: 0.6523
Take Profit 1: 0.6600
Take Profit 2: 0.6698

Alternative scenario:

If the level 0.6382 is broken-down, follow the recommendations below:

Time frame: D1
Recommendation: short position
Entry point: 0.6382
Take profit 1: 0.6241
Take Profit 2: 0.6157

Comment:

RSI shows the possibility of an uptrend in the medium term.

Key levels:

Resistance ------ Support

0.6789 ----------- 0.6382

0.6698 ----------- 0.6241

0.6600 ----------- 0.6157

NZD CHF

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The New Zealand ANZ Activity Outlook for August increased 19.2%, and ANZ Business Confidence was reported at -14.2. Forex traders can compare this to the New Zealand ANZ Activity Outlook for July, which increased 26.3%, and ANZ Business Confidence reported at -3.8.