What happened? It looks like the decline in EUR/CHF to 1…
NZD/CHF broke support zone
2019-11-11 • Updated
- NZD/CHF broke support zone
- Next sell target - 0.6400
NZD/CHF recently broke through the support zone lying between the key support level 0.6500 (which stopped the previous short-term impulse wave 3 earlier this month, as can be seen below) and the support trendline of the daily down channel from May. The breakout of this support zone accelerated the active minor impulse wave 5. NZD/CHF is expected to fall further toward the next sell target at the next support level 0.6400 (target for completion of wave 5).
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