GBP/NZD reversed from support zone Next buy targets - 1…
NZD/CHF broke powerful support level 0.6940
- NZD/CHF broke powerful support level 0.6940
- Next sell target - 0.6860
NZD/CHF continues to fall sharply – following the earlier breakout of the powerful support level 0.6940 (which stopped the previous sharp downward corrections 4 and (2), as can be seen from the daily NZD/CHF chart below). The breakout of the support level 0.6940 is following the earlier breakout of the support zone lying at the intersection of the key support level 0.7000 and the weekly channel line from 2016.
NZD/CHF is expected to fall further to the next sell target at the support level 0.6860 (monthly low from last July and the forecast price for the termination of the active minor impulse wave 3).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…