NZDCHF continues to rise inside after the earlier breakout of the resistance area lying between the resistance level 0.6650 (former support from July), daily up channel from September, 100-day moving average and the 38.2% Fibonacci correction of the previous downward impulse from April.
The breakout of this resistance area accelerated the active short-term impulse wave C – which belongs to the medium-term ABC correction (B) from September.
NZDCHF is expected to rise further and re-test the next resistance level 0.6750. Strong support now stands at 0.6650.
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