NZD/CHF reversed from resistance area

NZD/CHF reversed from resistance area

  • NZD/CHF reversed from resistance area
  • Next sell target - 0.6820

 NZD/CHF recently reversed down from the resistance area lying between the pivotal resistance level 0.6940 (which reversed earlier waves 4 and A), 38.2% Fibonacci correction of the downward impulse (1) from April and the upper daily Bollinger Band. The downward reversal from this resistance area started the active short-term correction B. NZD/CHF is expected to fall further toward the sell target at the next support level 0.6820.

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