NZDCHF Up 2 Pips Over Past Hour; in a Downtrend Over Past 14 Days

Hourly Update

(Last Updated March 31, 2021 0:23 GMT)

At the time of this writing, NZDCHF’s rate is up 2 pips (0.03%) from the hour prior. This is the 2nd consecutive hour NZDCHF has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 entered today at 0.657680523, up 31 pips (0.48%) from the previous day. Relative to other instruments in the Forex asset class, NZDCHF ranked 13th the previous day in terms of percentage price change. Here is a price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

Coming into today NZDCHF is now close to its 20, 50 and 100 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 14 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 14 days NZDCHF’s price has gone down 7 them.