2026-10-23 Readings lean neutral
NZD/CHF tests last week's high as short-term momentum turns upward
The NZD/CHF pair is trading slightly higher today at 0.46812. The four-hour trend remains in a range, but the one-hour structure shows an upward shift. The New Zealand dollar is slightly outperforming the Swiss franc over the last 24 hours.
Trend and momentum
The four-hour trend is ranging, while the one-hour structure points up. Momentum is mildly positive with the one-hour RSI at 58.48 and the four-hour RSI at 52.49. Price action remains inside the one-hour Bollinger Bands with no squeeze detected, and there is no recent MACD crossover. The pair has already used 106 percent of its average daily range.
Key levels
The pair is trading near last week's high of 0.46852. A break above this level could open the path toward yesterday's high and the four-hour high, both resting at 0.47068. On the downside, support sits at yesterday's low of 0.46554, which aligns closely with today's low of 0.46540 and the four-hour low of 0.46510. A drop below these marks could expose last week's low at 0.46344.
News and events this week
Markets recently digested the Swiss National Bank monetary policy meeting minutes released on October 22. Looking ahead, New Zealand observes a bank holiday on October 25, followed by the Reserve Bank of New Zealand interest rate decision on October 28, where markets anticipate a rate hike. Swiss economic sentiment data is also due on October 28, followed by Swiss retail sales on October 30.
What would push it higher
If buyers push the price firmly above last week's high of 0.46852, the pair could test the upper bounds of the recent four-hour range. Continued expectations of an RBNZ rate hike might also support upward movement.
What would push it lower
If the pair fails to break resistance and drops below yesterday's low of 0.46554, sellers could take control. This would likely shift the short-term structure back to a downward trajectory toward last week's low.
The engine has no open signal on this pair. Today's signals →