NZD/CHF broke support zone

NZD/CHF broke support zone

  • NZD/CHF broke support zone
  • Next sell target - 0.6880

NZD/CHF recently broke through the support zone lying between the key support level 0.6940 (which stopped the pervious minor impulse wave A at the end of April, as can be seen below) and the 50% Fibonacci correction of the pervious sharp upward impulse from March. The breakout of this support zone accelerated the active minor impulse wave C. NZD/CHF is expected to fall further toward the next sell target at the next support level 0.6880.

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