The New Zealand Dollar against the Swiss Franc has been moving in an ascending channel since the beginning of September. The currency pair bounced off its lower boundary of the channel on September 7 and followed by an upside wave.
The exchange rate opens above the monthly pivot point at 0.6444 during Friday’s trading session. Therefore, bullish momentum could dominate this currency pair within today’s session.
If a support cluster formed by the combination of the weekly and the monthly PPs near the 0.6434 level holds, the NZD/CHF could target a swing high at 0.6520 during the following trading sessions.
