08-28-2019, 06:33 AM
Technical Overview of NZD/USD and USD/CHF Currency Pair
NZD USD
NZD traded lower against USD and closed at 0.6362.
NZD/USD's daily chart indicators are reporting early signs of a bullish reversal.
Trend reversal would be confirmed above Monday's high.
According to the Analysis, pair is expected to find support at 0.6351 and a fall through could take it to the next support level of 0.6340. The pair is expected to find its first resistance at 0.6379 and a rise through could take it to the next resistance level of 0.6369.
USD CHF
USD traded higher against CHF and closed at 0.9815.
USD/CHF again confronts 50-DMA while seeking a downward resistance-line since August 01.
23.6% of Fibonacci retracement can offer immediate support.
Swiss ZEW Survey – Expectations in the spotlight.
According to the Analysis, pair is expected to find support at 0.9780 and a fall through could take it to the next support level of 0.9747. The pair is expected to find its first resistance at 0.9841, and a rise through could take it to the next resistance level of 0.9869.
NZD USD
NZD traded lower against USD and closed at 0.6362.
NZD/USD's daily chart indicators are reporting early signs of a bullish reversal.
Trend reversal would be confirmed above Monday's high.
According to the Analysis, pair is expected to find support at 0.6351 and a fall through could take it to the next support level of 0.6340. The pair is expected to find its first resistance at 0.6379 and a rise through could take it to the next resistance level of 0.6369.
USD CHF
USD traded higher against CHF and closed at 0.9815.
USD/CHF again confronts 50-DMA while seeking a downward resistance-line since August 01.
23.6% of Fibonacci retracement can offer immediate support.
Swiss ZEW Survey – Expectations in the spotlight.
According to the Analysis, pair is expected to find support at 0.9780 and a fall through could take it to the next support level of 0.9747. The pair is expected to find its first resistance at 0.9841, and a rise through could take it to the next resistance level of 0.9869.