(Last Updated September 1, 2021 2:20 GMT)
At the time of this writing, NZDCHF’s rate is down -3 pips (-0.05%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
NZDCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDCHF is up 33 pips (0.51%) since the previous day (opening today near 0.6450562985), marking the 8th day in a row it has gone up. Relative to other instruments in the Forex asset class, NZDCHF ranked 6th the previous day in terms of percentage price change. Here is a price chart of NZDCHF.
NZDCHF Technical Analysis
Notably, NZDCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.6386, 0.6405, 0.6458 and 0.6459 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Also of note is that on the 14 and 30 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 8 out of the past 10 days.