By: Dima Chernovolov

NZD/CHF continues to rise inside the clear hourly Up Channel chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Up Channel at the 6-bar level – which is the result of the slow Initial Trend (2 bars), strong Uniformity (7 bars) and higher Clarity (8 bars). NZD/CHF is expected to rise further inside this Up Channel – in line with the earlier breakout of the key resistance area shown below.

As can be seen from the daily NZD/CHF chart below, the price earlier broke through the key resistance area located between the pivotal resistance level 0.6500 (which reversed the in September) and the 61.8% Fibonacci correction of the previous downward impulse from August.  This price area is acting as support zone after it was broken. The proximity of this support zone increases the probability NZD/CHF will continue to rise inside this Up Channel.

To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.


For further information on this and other Autochartist products visit


You may also like

Leave A Comment

Please enter your name. Please enter an valid email address. Please enter message.