NZD/CHF Down 132 Pips; in a Downtrend Over Past 90 Days

NZD/CHF Price Recap

NZD/CHF is down 132 pips (2.25%) since yesterday (with its current price near 0.5747), marking the 2nd day in a row it has gone down. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 73.54% from the day prior, and up 42.15% from the same day the week before. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 34th for the day in terms of day-over-day price change. Below is a price chart of NZD/CHF.

NZD/CHF Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 21 out of the past 30 days.