NZDCHF Update: Weak NZD and a completely clueless Swiss Franc
For the past few months, the Swiss Franc has moved within a range. Recently, the currency broke below the 50-week moving average hence opening up lower price targets.
As a result, I expect CHF pairs to drift lower. Since there's no real strength, it's best to take advantage of weaker currencies compared to the CHF.
The NZDCHF cross has remained under pressure failing to capture back a strong level of support turned into resistance. Therefore, this pair could drift lower, albeit slower.
As a result, I expect CHF pairs to drift lower. Since there's no real strength, it's best to take advantage of weaker currencies compared to the CHF.
The NZDCHF cross has remained under pressure failing to capture back a strong level of support turned into resistance. Therefore, this pair could drift lower, albeit slower.
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