NZD/CHF is trading within a downtrend on D1. The currency pair went below 78.6% at 0.6450 and is likely to test levels around 0.6390/70.
Tag - chf - swiss franc
USD/CHF tried to move higher last week but was stopped by the 100- and 200-week moving averages in the 0.9850 area.
USD/CHF shot up last week from the 200- and 100-week MAs in the 0.9840/50 area.
A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
What will shake markets today
Trade ideas for May 7
Currencies move in small ranges, but more volatility lies ahead as it's a week of central bank meetings…
Some fresh analytics for today
Last week GBP/CHF topped at 1.2475 as it met the previous support and now resistance line connecting the 2016 and 2018 lows.
New Zealand jobs data is out today at 23:45 MT time. Check how you can benefit from this release in your trade.
January 15 is when CHF was unpegged from EUR in 2015. What happened on the Forex market on that day?
Have a look at the chart of CHF/JPY. The pair found support at the early September lows in the 106.85 area.