Technical analysis

NZDCHF Wave Analysis – 30 June 2023


– NZDCHF reversed from support level 0.5440

– Likely to rise to resistance level 0.5500

NZDCHF currency pair recently reversed up from the pivotal support level 0.5440 (which has been reversing the pair from last April) intersecting with the lower daily Bollinger Band.

The upward reversal from the support level 0.5440 stopped the C-wave of the active ABC correction (B) from the start of May.

Given the oversold daily Stochastic, NZDCHF can be expected to rise further toward the next resistance level 0.5500.

Article Rating
5/5 - (1 vote)