NZDCHF Wave Analysis – 14 November , 2018
November 14, 2018 @ 18:20 UTC
- NZDCHF rising inside impulse wave 5
- Further gains are likely
NZDCHF continues to rise inside the short-term impulse 5 which started earlier from the support area lying at the intersection of the key support 0.6750, 200-day moving average and the upper trendline of the daily up channel from September.
The active impulse wave 5 belongs to the medium-term impulse wave C of the longer-term ABC correction ② from September.
NZDCHF is expected to rise further and re-test the next resistance level 0.6950 (target price for the completion of the active impulse wave C).