What happened? It looks like the decline in EUR/CHF to 1…
NZD/CHF falling inside primary impulse wave ③
2019-11-11 • Updated
- NZD/CHF falling inside primary impulse wave ③
- Next buy target - 0.9800
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).
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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