NZD/JPY falling inside minor impulse wave C Next sell target - 76…
USD/CHF parity zone in sight
The pair is on the way to reach the parity zone across the board, but the resistance level of 0.9977 has been strong. From such area, USD/CHF has been making a corrective move which could allow more losses towards the Fibonacci zone of 50% at 0.9855. Around that level, we can expect an advance towards the -23.6% area at 1.0034, which should strengthen the bullish idea in a short-term basis.
RSI indicator is entering the neutral territory, calling for sideways in coming hours.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.