NZD/CHF broke support zone

NZD/CHF broke support zone

2019-11-11 • Updated

  • NZD/CHF broke support zone
  • Next sell target - 0.6850

NZD/CHF has been under bearish pressure in the last few trading sessions – which intensified when the pair broke though the support zone lying between the support level 0.6950 and the 61.8% Fibonacci correction of the previous sharp upward impulse wave 1 from the start of September. NZD/CHF is expected to fall further in the accelerated minor ABC correction 2 toward the next sell target at the next support level 0.6850 (low of the previous wave (2)).

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