NZD/CHF Price Recap
NZD/CHF enters today at 0.62302 in US dollars, down 49 pips (0.78%) from the day prior. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 56.75% from the day prior, and up 23.78% from the same day the week before. Relative to other instruments in the Forex asset class, NZD/CHF ranked 37th yesterday in terms of percentage price change. Here is a price chart of NZD/CHF.
NZD/CHF Technical Analysis
Notably, NZD/CHF is now close to its 20 and 100 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 63.9 pips away. Volatility for NZD/CHF has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to simplify this another way, note that out of the past 14 days NZD/CHF’s price has gone up 7 them.
The View From Around the Web
Not much commentary on NZDCHF that we’re finding noteworthy here; are y’all just scared to put out an opinion? 🙂 Here’s a piece we found on tradingview.com that we thought you might enjoy.