GBP/NZD reversed from resistance zone Next sell target - 1…
CAD/CHF falling inside minor impulse C-wave
- CAD/CHF falling inside minor impulse C-wave
- Next sell target - 0.7600
CAD/CHF continues to fall inside the minor impulse wave (i) – which belongs to the sharp C-wave which started earlier from the resistance zone lying between the major resistance level 0.7900 (which stopped the previous sharp intermediate impulse wave (1) in September, as can be seen below) and the upper daily Bollinger Band. CAD/CHF expected to fall toward the next sell target at the next support level 0.7600 (low of the earlier waves A and (b)).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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CHF/JPY broke powerful resistance level 115…