The New Zealand Dollar against the Swiss Franc (NZD/CHF) is a rather exotic and volatile cross–pair, as contradictory as the economies of the countries participating in it. Currencies are perfectly combined, complement and compensate each other: the franc gives the pair stability, predictability and pliability to any type of analysis (both technical and fundamental work well), while the New Zealand adds volatility.In the NZD/CHF cross-pair, New Zealand dollars are bought for Swiss francs, so the NZ dollar acts as the main currency here, and the franc is the quoted one. Despite the absence of the US dollar, it still implicitly participates in the auction, since the conversion of one currency into another does not go directly, but through it. The course is displayed as standard up to 4 characters after the separator (0.7048) or as in some individual terminals up to 5 (0.70456), taking into account the tick chart.Opening the long-term chart, you can see that in general, the price moves up and down with some frequency and a large amplitude in the range from about 0.58 to 1.05. The currency pair is flat most of the time and only occasionally there are strong bursts of activity up or down, as a result of which the price quickly passes hundreds of points, and then, as a rule, also quickly returns back. This pair is not characterized by long trends that continue for many years in one direction.The overall volatility of the pair varies greatly from time to time, in some periods it becomes very active and overcomes 200-300 pips per day, in others it fluctuates very slightly, falling short of a hundred. The analysis shows that Wednesday is the most volatile day for the NZDCHF, although Thursday is also not far behind, but Monday is the calmest.If we look at the intraday dynamics by the clock, it will be from 23:00 to 01:00 GMT in the Pacific session and at its overlap with the start of trading in Tokyo, Hong Kong and Singapore, as well as from 09:00 to 11:00 GMT in the European session, and especially from 13:00 to 17:00 GMT at the overlap with the American.Read more: CAD/CHF: description, characteristics, trading forecasts and feautures of the pairNZDCHF online forecast for todayThe NZD CHF forecast is based on technical analysis indicators. The strongest signal will be at a time when the forecast with the prefix ACTIVE will be repeated on all timeframes.Despite the fact that this is a cross-pair, the presence of a "Swiss" makes it quite predictable, stable and well amenable to fundamental analysis, which greatly facilitates the preparation of a forecast. The dynamics of the pair is well predicted on both medium-term and short-term charts, despite the fact that during the trading day it may change direction 2 or even 3 times.Low liquidity forces brokers to set decent spreads on this financial instrument (about 6-10 points), which, coupled with not too high volatility, makes scalping on this pair unprofitable and difficult. It is much more profitable to keep positions open for several days or even weeks, which, with a passing trend movement, allows you to earn more on swaps.Due to the fact that the pair is not widespread, it will not be easy to find ready-made analytics, but it is possible, for example, in thematic sections on trading forums. However, the undoubted advantage of this pair is its relative predictability and the ability even for an inexperienced trader, after a little research of the available data and the most important factors, to make his own forecast accurately enough.What does the NZDCHF rate depend on?New Zealand is a small island nation to the southeast of Australia, living by exporting services, oil, agricultural products and international tourism. The structure of the country 's economy today looks like this:About 71% of GDP is accounted for by trade and services (banking, educational, consulting, restaurant, etc.);The mining and manufacturing industry accounts for approximately 24.3% of GDP;Agriculture provides 4.7% of income.Read more: EUR/CHF: exchange rate, online quotes, signals and forecast for todaySwitzerland is a relatively small neutral state in western Europe. Located in a mountainous area, it is surrounded on all sides by the European Union, but, nevertheless, it is not part of it itself. The country is divided into administrative units – cantons (20) and semi-cantons (6), and has several official languages at once (French, German, Italian, Retro-Romansh).By sector, the Swiss economy looks like this:Services account for about 73.4% of the country's GDP;Highly developed industry gives 25.9%;Agriculture accounts for only 0.7% of GDP.International investments play a crucial role for the Swiss economy, and tourism plays an important role.Of the factors most affecting the dynamics of the New Zealand dollar against the Swiss Franc, it is necessary to highlight:the world price of gold;oil prices;trade balance of New Zealand (and to a lesser extent Switzerland);economic indicators of both countries, as well as the European Union, the USA and Australia;the volume of investments in the Swiss economy;Central Bank rates;change in the inflation rate;prices for agricultural products;weather and climatic conditions in the area of New Zealand (to a lesser extent, but also relevant for Switzerland).Read more: GBP/CHF: online signals, forecasts for today, analysis & featuresFor today, the D1 timeframe for this pair has the following correlation with other Forex instruments: NZD/USD – 93.4%, AUD/USD – 81.3%, AUD/SGD – 79.9%, NZD/CAD – 77%, Platinum – 72.6%, GBP/USD - 70.4%, CN50 and HK50 indices – 70.4% and 70% respectively, Gold – 67.8%.NZD/CHF has the strongest inverse correlation with: Euro/New Zealand Dollar – -96.3%, USD/NOK – -83.4%, USD/JPY – -80.1%, dollar index – -78.4%, USD/CHF – -76.3%, USD/PLN – -75.3%, USD/THB – -74.9%, USD/CAD – -74.4%, EUR/NOK – -73.4% and Pound/New Zealand – -73%.Features of the currency pairDespite the fact that the stability of the Swiss economy has significantly shaken in recent years, the franc still remains one of the most stable currencies in the world, and its presence in the pair makes it much easier to predict the exchange rate and fundamental analysis, since all the emphasis can be shifted to the study of factors affecting another currency.Circumstances allow carry-trading on this currency pair because the difference between the refinancing rates of the participating countries is quite large (1.75% for New Zealand and -0.75% for Switzerland). Today, the swap sizes are equal to: -0.77 for short and +0.35 for long positions. The values are not large at all, but nevertheless allow you to receive a small additional income under certain circumstances.Due to the fact that this New Zealand/Swiss pair often falls into a flat for a long time between important events, one of the best trading strategies that work on it and bring up to 40% profit from the deposit size per month is the eponymous TS Breakdown of the flat. For professionals working on long-term timeframes (D1 and more), Price Action indicator-free trading and its various varieties have proven themselves well.Since, as noted above, in the long term, the price moves up and down, almost always returning, potentially the most profitable, but at the same time the riskiest strategy will be martingale ...
