01 Sep

NZDCHF: New Zealand’s economy is recovering more actively than the Swiss

September 1, 2020

By IFCMarkets.com

New Zealand’s economy is recovering more actively than the Swiss

Switzerland’s GDP fell by 8.2% in quarterly terms in the second quarter of this year. This was its maximum decline in 40 years. In the first quarter, Swiss GDP fell 2.5%. This was its largest decline in 40 years. In the first quarter, Swiss GDP fell by 2.5%. The recovery (after the coronavirus) of the New Zealand’s economy is stronger than that of Switzerland. The drop in New Zealand’s GDP in the 1st quarter was 1.6% in quarterly terms. The GDP for the Q2 will not be available until 16 September, but it is projected to decrease by only 1.2%. Note that the rate of the Reserve Bank of New Zealand is + 0.25%, of the Swiss National Bank – 0.75%. New Zealand will publish the Global Dairy Trade Price Index on September 1. Inflation for August will be released in Switzerland on September 3. These data can affect the dynamics of the NZD/CHF currency pair.

IndicatorVALUESignal
RSIBuy
MACDBuy
MA(200)Neutral
FractalsBuy
Parabolic SARBuy
Bollinger BandsNeutral

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0,61
Stop lossBelow 0,59

Market Analysis provided by IFCMarkets.com


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