NZDCHF recently reversed up from the support area lying between the support level 0.6600 (which stopped the previous downward correction in January), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from September.
The upward reversal from this support area stopped the previous short-term impulse wave (iii) from the middle of April.
NZDCHF is expected to rise further and retest the next resistance level 0.6710 (former strong support from April).
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