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.