NZDCHF Wave Analysis – 1 August, 2022

• NZDCHF reversed from support level 0.5940

• Likely to rise to resistance level 0.6050

NZDCHF currency pair recently reversed up from the strong support level 0.5940 (which has been reversing the pair from the middle of July).

The upward reversal from the support level 0.5940 stopped the previous impulse waves 3 and (3).

Given the bullish NZD sentiment seen today, NZDCHF currency pair can be expected to rise further toward the next resistance level 0.6050 (top of the previous correction 2).