Source: PaxForex Premium Analytics Portal, Technical Insight
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 |
