NZDCHF

(Last Updated January 18, 2021)

Welcome to the news page for NZDCHF (NZDCHF). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for NZDCHF

metric_name	reference_period	asset_name	asset_id	date	time
New Zealand NZIER Capacity Utilization	Q4 2020	New Zealand Dollar	NZD	2021-01-18	21:00 GMT
New Zealand NZIER Business Confidence	Q4 2020	New Zealand Dollar	NZD	2021-01-18	21:00 GMT
New Zealand Electronic Retail Card Spending YoY	Dec 2020	New Zealand Dollar	NZD	2021-01-18	21:45 GMT
New Zealand Electronic Retail Card Spending MoM	Dec 2020	New Zealand Dollar	NZD	2021-01-18	21:45 GMT
New Zealand Business NZ PMI	Dec 2020	New Zealand Dollar	NZD	2021-01-21	21:30 GMT

The Trend

If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for NZDCHF.

NZDCHF Moving Averages

The moving averages on NZDCHF indicate a trend that is clearly bullish.

The chart below illustrates.

Regarding NZDCHF’s correlations over the past 7 days, it has demonstrated the strongest correlation with NZDJPY. NZDJPY is the asset with which NZDCHF has been most correlated with over the past two weeks as well, so this may be a structural correlation in the market. Alternatively, the asset least correlated with NZDCHF over the past week has been ZARJPY, but if we observe the prior two weeks, EURUSD has been the asset least correlated with NZDCHF. The chart below illustrates NZDCHF against its least correlated assets.

The View From the Weekly Timeframe

At the moment, NZDCHF’s rate is down -61 pips (-0.95%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as NZDCHF has now gone up 4 of the past 5 weeks. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly 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’s weekly price action over the past 52 weeks can be seen via the chart below.