– NZDCHF falling inside weekly impulse 3
– Likely to fall to support level 0.5200
NZDCHF continues to fall inside the sharp weekly downward impulse 3, which started earlier from the key resistance level 0.5450 (former strong support from the middle of this year).
The downward reversal from the resistance level 0.5450 continues the strong multi-year downtrend inside which the pair has been moving from the start of 2022.
Given the widespread CHF gains and NZD outflows, NZDCHF can be expected to fall further toward the next support level 0.5200 (low of the previous impulse wave 1).
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies