NZD/CHF testing 0.6900 handle ahead of RBNZ's Spencer speach
|- RBNZ’s Spencer to speak on Monday at 23.45 GMT.
- New-Zealand Food price index at -0.50% m/m in February.
The NZD/CHF is trading at around 0.6910 down 0.65% on Monday so far.
The Royal Bank of New-Zealand Governor Grant Spencer is slated to speak on Monday at 23.45 GMT on macro-prudential policy. The NZ food price index came in at -0.50% m/m in February.
NZD/CHF daily chart
On Monday the NZD/CHF found resistance at the 200-period SMA and the 61.8% Fibonacci retracement from the January-February 2018 downtrend. The market found close to the 50-period SMA.
NZD/CHF 1-hour chart
The NZD/CH found support at the 23.6% Fibonacci retracement from the 5-12 March bull move. Support is seen at the 0.6880 level with the 38.2% Fibonacci retracement followed by the 0.6830 level with the 61.8% Fibonacci retracement. To the upside resistance is seen at 0.6960 which is the high of the day, followed by 0.7000 psychological level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.