NZD/CHF broke pivotal resistance level 0.7030

NZD/CHF broke pivotal resistance level 0.7030

  • NZD/CHF broke pivotal resistance level 0.7030
  • Next buy target - 0.7090

 NZD/CHF recently broke the pivotal resistance level 0.7030 (which reversed the price at the start of April, as can be seen below). The breakout of the resistance level 0.7030 accelerated the active minor impulse wave (iii), which belongs to wave C from the start of February.  NZD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7090 (top of the previous impulse wave A).


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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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