NZD/CHF reversed from resistance area

NZD/CHF reversed from resistance area

  • NZD/CHF reversed from resistance area
  • Next sell target - 0.6950

NZD/CHF recently reversed down from the resistance zone lying between the long-term resistance level 0.7090 (which reversed the previous correction A) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star Doji. NZD/CHF is expected to fall toward the next sell target at next support level 0.6950 (low of the previous correction (iv)).

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