NZDCHF uncertain of direction has found support at 0.6280, this being the 21-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the down leg from 0.6670 to 0.6161. The restricting 42-day SMA pushed the price down after it rallied from a fourty-seven-month low of 0.6161 to the 0.6400 handle. The 21-day SMA and the MACD suggest that the short-term positive momentum has dried up. The MACD – although above its red trigger line – is in the [..]
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