NZD/CHF reversed from support area

NZD/CHF reversed from support area

  • NZD/CHF reversed from support area
  • Next buy target - 0.7090

 NZD/CHF recently reversed up from the support area lying between the pivotal support level 0.6970 (former strong resistance level, which stopped the earlier waves 4 and A, as can be seen from the daily NZD/CHF chart below) and the 38.2% Fibonacci correction of the previous ABC correction (B) from November. NZD/CHF is expected to rise toward the next buy target at the next resistance level 0.7090 (top of the earlier ABC correction (B)).

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