NZD/CHF – Currency exchange rate forecast 06.06.2019: as long as 0.6575 is support look for 0.6633

NZD/CHF - Currency exchange rate forecast 06.06.2019: as long as 0.6575 is support look for 0.6633

Our preference: as long as 0.6575 is support look for 0.6633.

0.6575 is our pivot point.

Our preference: as long as 0.6575 is support look for 0.6633.

Alternative scenario: the downside breakout of 0.6575 would call for 0.6553 and 0.6540.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.6590 and 0.6584).

Supports and resistances:

0.6659 **

0.6646 *

0.6633 **

0.6620

0.6593 last

0.6583

0.6575 **

0.6553 *

0.6540 **