
What happened? It looks like the decline in EUR/CHF to 1…
2019-11-11 • Updated
NZD/CHF continues to fall inside the primary impulse wave ③, which started earlier from the resistance zone lying between the key resistance level 0.7320 (which stopped the previous impulse waves 3 and 5,as can be seen from the weekly NZD/CHF chart below) and the upper weekly Bollinger Band. Given the strength of the aforementioned resistance zone and the overbought reading on the weekly Stochastic indicator - NZD/CHF is expected to fall further to next sell target at the next round support level 0.7000 (which reversed earlier wave B).
What happened? It looks like the decline in EUR/CHF to 1…
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