Market Snapshots

NZDCHF Wave Analysis – 29 April, 2020

NZDCHF Wave Analysis – 29 April, 2020
  • NZDCHF broke key resistance level 0.5900
  • Likely to rise up to 0.6000

NZDCHF recently broke the key resistance level 0.5900 (which stopped the (a)-wave of the previous ABC correction 2).

The breakout of the resistance level 0.5900 coincided with the breakout of the 50% Fibonacci correction of the previous sharp downward impulse from December.

NZDCHF is expected to rise further toward the next round resistance level 0.6000 (former resistance from the start of march).

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