NZD/CHF Up 17 Pips in Last 4 Hours, Entered Today Down For the 2nd Day In A Row; in a Downtrend Over Past 90 Days

NZD/CHF 4 Hour Price Update

Updated March 26, 2020 05:15 AM GMT (01:15 AM EST)

A moment of silence, please, for the end of NZD/CHF’s 4 four-hour candle down streak; price ended the last 4 hour candle up 17 pips (0.3%) to finish the four-hour candle at a rate of 0.5683. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 9th for the four-hour candle in terms of price change.

NZD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZD/CHF is down 49 pips (0.86%) since the previous day (opening today near 0.566312), marking the 2nd day in a row a decline has happened. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 29th in terms of percentage change since the previous day. Below is a price chart of NZD/CHF.

NZD/CHF Technical Analysis

The first thing we should note is that the current price of NZD/CHF 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. Volatility for NZD/CHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 30 days NZD/CHF’s price has gone down 20 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Of note is that traders in aggregate have opinions on NZDCHF, with 6 buy signals on our radar and 0 sell signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

The pair has been trading in the green in the previous sessions as the New Zealand dollar slowly creeps back to its previous levels. Recovery is probably on NZD bulls minds, particularly after the NZD rise after the country’s Prime Minister, Jacinda Ardern, declared a state of national emergency to keep up the fight against the ongoing spread of the coronavirus. Jacinda said the government was declaring the emergency and is pulling out all stops to prevent the virus from spreading further. Also, part of the reason the kiwi is rising in this pair is the US Federal Reserve’s announcement of another massive stimulus package to cushion the economy from the adverse impact of the virus. The Swiss franc also weakened after markets perked up due to the stimulus package. The Swiss currency is traditionally considered a safe-haven currency by traders, making it vulnerable to sudden optimism in the market.