NZD/CHF Up 8 Pips in Last Hour, 5 Day Down Streak Snapped; Breaks Above 50 Day Average

3 mins read
NZDCHF

Hourly Update (Last Updated March 26, 2021 1:59 GMT) At the time of this writing, NZDCHF’s rate is up 8 pips (0.12%) from the hour prior. This is the 2nd hour in a row NZDCHF has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on NZDCHF. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is…

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