EUR/JPY broke key support level 131…
NZD/CHF reversed from major support level 0.6730
- NZD/CHF reversed from major support level 0.6730
- Next buy target - 0.6820
NZD/CHF today reversed up sharply from the major support level 0.6730 (which stopped the previous sharp impulse wave A with the daily Morning Star in May, as can be seen below). The support zone near the support level 0.6730 was strengthened by the lower daily Bollinger Band. NZD/CHF is expected to rise to the next buy target at the next resistance level 0.6820 (which reversed the price strongly at the end of November).
There isn't any reversal pattern so far. If the 21 MA acts as resistance, we're likely going to have just another decline...
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.
Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.