Source: PaxForex Premium Analytics Portal, Technical Insight
The deputy Governor Hawkesby stated that the rate hike was postponed more because of communication difficulties than risks.
NZD/CHF,D1
Pivot: 0.6360
Analysis:
Provided that the currency pair is traded below 0.6496, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6360
- Take Profit 1: 0.6230
- Take Profit 2: 0.6130
Alternative scenario:
In case of break-out of the level 0.6496, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.6496
- Take Profit 1: 0.6694
- Take Profit 2: 0.6813
Comment:
RSI shows the possibility of a downtrend during the day.
Key levels:
| Resistance | Support |
| 0.6813 | 0.6230 |
| 0.6694 | 0.6130 |
| 0.6496 | 0.6050 |
