NZD/CHF Down 4 Pips Over Past Hour, Makes Big Move Relative to Past Month; Moves Down For the 2nd Consecutive Day

Hourly Update

(Last Updated January 7, 2022 1:42 GMT)

Currently, NZDCHF’s rate is down -4 pips (-0.07%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 down 18 pips (0.29%) since yesterday (opening today near 0.6214716204), marking the 2nd consecutive day a decline has happened. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 25th in terms of percentage change since yesterday. Let’s take a look at price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

Coming into today NZDCHF is now close to its 20 and 50 day averages, located at 0.624 and 0.6347 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. Or to simplify this another way, note that out of the past 10 days NZDCHF’s price has gone down 7 them.