Market Snapshots

NZDCHF Wave Analysis – 26 September, 2019

NZDCHF Wave Analysis – 26 September, 2019
  • NZDCHF reversed from support area
  • Likely to rise to 0.6310

NZDCHF recently reversed up from the support area lying between the support level 0.6200 (which has reversed the price multiple times from the start of August) and the lower daily Bollinger Band.

The upward reversal from this support area started the active short-term corrective wave (ii).

NZDCHF is expected to rise further and retest the next resistance level 0.6310 (target price for the completion of the active wave (ii)).

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