NZD/CHF reversed from resistance zone

NZD/CHF reversed from resistance zone

2019-11-11 • Updated

  • NZD/CHF reversed from resistance zone
  • Next sell target - 0.7030 

 NZD/CHF recently reversed down from the resistance zone lying between the powerful, multi-month resistance level 0.7090 (which stopped the previous sharp A-wave in January) and the upper daily Bollinger Band.  The downward reversal from this resistance zone stopped the previous minor impulse wave C. NZD/CHF is expected to fall toward the next sell target at the next support level 0.7030  (former resistance from the start of April).


USD/CHF: approaching the bottom?
USD/CHF: approaching the bottom?

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.

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