The bearish momentum which began mid-April has guided the New Zealand Dollar lower against the Swiss Franc. This movement marks a 7.60% decrease in price during this period.
The 100 and 200-hour SMAs has pushed the NZD/CHF exchange rate further south. However, it seems that the trend of the currency pair might be changing, as the 55-hour simple moving average has fallen below the price action.
Technical indicators formed by the MACD, Alligator and SAR flash bearish signals on the weekly time frame, thus indicating that some downside potential is still possible in regards to this pair.
