NZD/CHF is expected to breakdown from a major support line

The pair is expected to breakdown from a major support line, sending the pair lower towards another major support line. New Zealand and Switzerland topped the ranking of Human Free Index 2019 report. However, the two (2) economies are struggling with their economy. Their economies are experiencing an increase in household debt, which was defined as the combined debt of all people in a household. New Zealand is expected to be hit the hardest with this report. This was amid the country’s transition from using an economic growth indicator to a human growth indicator. This is also preventing NZ Dollar in gaining the status of safe-haven currency like Swiss Franc and Japanese Yen. In other news, the Swiss economy is expected to surge this 2020 based on findings from the Center for Economic Studies (KOF). The study uses 219 indicators, including banking and consumer confidence, production and manufacturing, and interest rate.