Technical analysis

NZDCHF Wave Analysis – 14 November , 2018

  • NZDCHF rising inside impulse wave 5
  • Further gains are likely

NZDCHF continues to rise inside the short-term impulse 5 which started earlier from the support area lying at the intersection of the key support 0.6750, 200-day moving average and the upper trendline of the daily up channel from September.

The active impulse wave 5 belongs to the medium-term impulse wave C of the longer-term ABC correction ② from September.

NZDCHF is expected to rise further and re-test the next resistance level 0.6950 (target price for the completion of the active impulse wave C).



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