Source: PaxForex Premium Analytics Portal, Technical Insight
The Swiss government has announced that it has signed a contract with Johnson & Johnson for 150,000 doses of the Covid-19 vaccine. Delivery of the doses is expected next week.
NZD/CHF,D1
Pivot: 0.6422
Analysis:
While the price is above 0.6391, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6422
- Take Profit 1: 0.6600
- Take Profit 2: 0.6706
Alternative scenario:
If the level 0.6391 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6391
- Take profit 1: 0.6253
- Take Profit 2: 0.6171
Comment:
RSI shows the possibility of an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6789 | 0.6391 |
| 0.6706 | 0.6253 |
| 0.6600 | 0.6171 |
