What happened? It looks like the decline in EUR/CHF to 1…
NZD/CHF reversed from support zone
2019-11-11 • Updated
- NZD/CHF reversed from support zone
- Next buy target - 0.6950
NZD/CHF recently reversed up sharply from the support zone lying between the key support level 0.6830 (which also reversed the price in the middle of March, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this this support zone created the daily Japanese candlesticks reversal pattern Hammer. NZD/CHF is expected to rise further in the active impulse 3 toward the next buy target at the next resistance level 0.6950.
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.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
The stock market has reversed, and now it’s going lower and lower…