NZD/CHF broke key support level 0.6970

• NZD/CHF broke key support level 0.6970
• Next sell target - 0.6750

NZD/CHF continues to fall after the earlier breakout of the key support level 0.6970, which reversed the previous waves (a), B and 1, as can be seen from the daily NZD/CHF chart below. The breakout of this support level should accelerate the active minor impulse wave 3 – which belongs to the intermediate wave (C) from the end of July. NZD/CHF is expected to fall to next sell target at the next support level 0.6750 (low of the previous wave (A) from May).

Dmitry Chernovolov

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