Market Snapshots

NZDCHF Wave Analysis 24 February, 2021

NZDCHF Wave Analysis 24 February, 2021

• NZDCHF under the strong bullish pressure

• Likely to reach resistance 0.6800

NZDCHF under the strong bullish pressure after the active impulse wave 5 broke above the major resistance level 0.6660 (former multi-month high from the middle of 2019).

The breakout of the resistance level 0.6660 continues the active weekly upward impulse sequence (C) from the middle of 2020

NZDCHF is likely to rise further toward the next resistance level 0.6800 (target price for the completion of the active minor impulse wave (iii)).

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