Source: PaxForex Premium Analytics Portal, Technical Insight

RBNZ, Bascand: Uncertainty and risks persist.

NZD/CHF,D1

Pivot: 0.6491

Analysis:

While the price is below 0.6551, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.6491
• 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: