NZD/CHF testing 0.6900 handle ahead of RBNZ's Spencer speach

• RBNZ’s Spencer to speak on Monday at 23.45 GMT.
• New-Zealand Food price index at -0.50% m/m in February.

The NZD/CHF is trading at around 0.6910 down 0.65% on Monday so far.

The Royal Bank of New-Zealand Governor Grant Spencer is slated to speak on Monday at 23.45 GMT on macro-prudential policy. The NZ food price index came in at -0.50% m/m in February.

NZD/CHF daily chart

On Monday the NZD/CHF found resistance at the 200-period SMA and the 61.8% Fibonacci retracement from the January-February 2018 downtrend. The market found close to the 50-period SMA.

NZD/CHF 1-hour chart

The NZD/CH found support at the 23.6% Fibonacci retracement from the 5-12 March bull move. Support is seen at the 0.6880 level with the 38.2% Fibonacci retracement followed by the 0.6830 level with the 61.8% Fibonacci retracement. To the upside resistance is seen at 0.6960 which is the high of the day, followed by 0.7000 psychological level.