NZDCHF Wave Analysis – 06 August, 2020

• NZDCHF reversed from key support level 0.6040

• Likely to rise to 0.6125

NZDCHF today reversed up from the key support level 0.6040 (former low of wave (i) from June) , interesting with the lower daily Bollinger Band and the 50% Fibonacci correction of the previous wave (c).

The upward reversal from the support level 0.6040 stopped the previous impulse wave (iii) from last month.

NZDCHF is likely to rise further toward the next resistance level 0.6125 (former support from the middle of June).