Market Snapshots

NZDCHF Wave Analysis 6 January, 2021

NZDCHF Wave Analysis 6 January, 2021

• NZDCHF broke resistance level 0.6385

• Likely to rise to 0.6500

NZDCHF recently broke the pivotal resistance level 0.6385 (which stopped the previous minor impulse wave 1 at the end of November as can be seen below).

The breakout of the resistance level 0.6385 should accelerate the active short-term impulse waves (iii) and 3 both of which belong to the sharp upward impulse sequence (3) from October.

NZDCHF is expected to rise further toward the next resistance level 0.6500 (likely price for the completion of the active impulse sequence (3)).

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