NZD/CHF reversed from multi-month support level 0.6730

NZD/CHF reversed from multi-month support level 0.6730

  • NZD/CHF reversed from multi-month support level 0.6730
  • Next buy target - 0.6800

NZD/CHF continues to rise after the earlier strong upward reversal from the key multi-month support level 0.6730 (which stopped the previous sharp minor wave A in the middle of May) and the lower daily Bollinger Band. Given the strength of the support level 0.6730 - NZD/CHF is expected to rise toward the next buy target at the next resistance level 0.6800 (former support level which stopped the previous wave (a) at the end of October).

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