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Weekly forecast New Zealand Dollar / Swiss Franc technical chart
Symbol NZDCHF

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateDecember 12, 2021 - 20:17
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.63910 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A trough is formed in daily chart at 0.6178 on 12/06/2021, so more gains to resistance(s) 0.6300, 0.6357 and maximum to Major Resistance (0.6391) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 36.