NZD/CHF broke resistance zone

NZD/CHF broke resistance zone

  • NZD/CHF broke resistance zone
  • Next buy target - 0.6950

NZD/CHF has been rising steadily in the last few trading sessions inside the minor corrective wave (ii) – which previously broke through the resistance zone lying between the resistance levels 0.6850 and 0.6820 (previous buy target). The breakout of this resistance zone accelerated the active minor corrective wave (ii) from the end of November. NZD/CHF is expected to rise to the next buy target at the next resistance level 0.6950 (which reversed the previous wave (b)).

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