NZDCHF Wave Analysis – 30 August, 2021

• NZDCHF broke resistance zone

• Likely to rise to resistance level 0.6500

NZDCHF under the bullish pressure after previously breaking the resistance zone located between the minor resistance level 0.6400 (which reversed the price at the7 end of August) and the 61.8% Fibonacci correction of the downward impulse from the middle of August.

The breakout of this resistance zone accelerated the active short-term impulse wave 1, which begins to longer-term impulse wave (C).

Given the strong sales of the Swiss franc – NZDCHF can be expected to rise further toward the next round resistance level 0.6500.