(Last Updated July 5, 2022 1:41 GMT)
At the time of this writing, NZDCHF’s rate is up 4 pips (0.06%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend 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)
The choppiness in the recent daily price action of NZDCHF continues; to start today, it came in at a price of 0.59636255, up 10 pips (0.17%) since yesterday. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 20th in terms of percentage change since yesterday. Here is a price chart of NZDCHF.
NZDCHF Technical Analysis
Notably, NZDCHF is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. Or to simplify this another way, note that out of the past 10 days NZDCHF’s price has gone down 6 them.