Source: PaxForex Premium Analytics Portal, Technical Insight
Swiss National Bank (SNB) deputy governor Fritz Zurbrügg confirmed on Wednesday that the Swiss franc is valued high at current exchange levels, Reuters reported.
NZD/CHF,D1
Pivot: 0.6512
Analysis:
While the price is above 0.6391, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6512
- 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 |
