Bears have been on screen for the past two days after NZDCHF hits the 1st week February high at 0.68900 forming a double top formation last day. Currently lagging in the main support at 0.68500, bears are expected for further downside movement after it breaks through the support downside reaching 0.67800 regions. On the other side, Bulls have equal chances of turning the market upside which can change the trend once higher highs are formed. The Producer Price Index Input which is released by the Statistics New Zealand is a measurement of the rate of inflation experienced by producers. PPI Input captures changes in the average price of a fixed basket of goods and services purchased by the producers in New Zealand. PPI Input Q/Q which is yet to release later today is expected 1.1 % vs 1.4% whereas Output Q/Q is expected 0.6% vs 1.5%.

NZDCHF TODAY:
Daily open: 0.68735
Daily Last high: 0.68914
Daily Last Low: 0.68512
Daily current growth: -0.30%