NZDCHF Wave Analysis – 10 April, 2020

• NZDCHF broke resistance level 0.5800
• Likely to rise to 0.5955

NZDCHF recently broke the key resistance level 0.5800 (which reversed the previous waves (A) and 1, as can be seen from the daily NZDCHF chart below).

The breakout of the resistance level 0.5800 coincided with the breakout of the 50% Fibonacci correction of the previous sharp downward impulse wave from February.

NZDCHF is likely to rise further inside the active impulse wave 3 toward the next resistance level 0.5955 (target price for the completion of this impulse wave).