NZD/CHF broke resistance zone

NZD/CHF broke resistance zone

  • NZD/CHF broke resistance zone
  • Next buy target - 0.7130

NZD/CHF continues to rise inside the intermediate impulse wave (3) , which previously broke through the resistance zone lying between the pivotal resistance level 0.7010 (which reversed the previous minor corrective wave (b) in the middle of October) and 50% Fibonacci correction of the previous intermediate impulse wave (C) from the end of July. The breakout of this resistance zone accelerated the active impulse wave (3). NZD/CHF is expected to rise to the next buy target at the next resistance level 0.7130 (monthly high from September).


Latest news

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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