7640834 7/12/2017 5:13 PM, NZD/CHF intraday: rebound


Our pivot point is at 0.6946.


Our preference

: rebound.


Alternative scenario

: below 0.6946, expect 0.6920 and 0.6904.


Comment

: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.6968 and 0.6972).


Supports and resistances

:

0.7048 **

0.7032 *

0.7017 **

0.7001

0.6967 last

0.6956

0.6946 **

0.6920 *

0.6904 **