Source: PaxForex Premium Analytics Portal, Technical Insight
The RBNZ raised the rate by 0.25% as expected.
NZD/CHF,D1
Pivot: 0.6433
Analysis:
While the price is below 0.6551, follow the recommendations below:
- Time frame: D1
- Recommendation:short position
- Entry point: 0.6433
- Take Profit 1: 0.6400
- Take Profit 2: 0.6263
Alternative scenario:
If the level 0.6551 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6551
- Take profit 1: 0.6679
- Take Profit 2: 0.6756
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 0.6756 | 0.6400 |
| 0.6679 | 0.6263 |
| 0.6551 | 0.6171 |
