NZD/CHF Down 10 Pips Over Past Hour; in a Downtrend Over Past 14 Days

Hourly Update

(Last Updated June 22, 2022 1:45 GMT)

Currently, NZDCHF’s rate is down -10 pips (-0.16%) from the hour prior. NZDCHF has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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)

The back and forth price flow continues for NZDCHF, which started today off at 0.61144469, down 12 pips 0.2% from the day prior. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 31st in terms of percentage change since the day prior. Below is a price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

Notably, the current price of NZDCHF is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 14 days NZDCHF’s price has gone down 8 them.