Technical analysis

NZDCHF Wave Analysis – 11 June, 2020

NZDCHF Wave Analysis – 11 June, 2020

• NZDCHF reversed from resistance zone

• Likely to fall to 0.6020

NZDCHF recently reversed down sharply from the resistance zone located between the resistance level 0.6240 (former support from the end of January and the start of February) and the upper daily Bollinger Band.

The downward reversal from this resistance zone started the active medium-term impulse sequence (5).

NZDCHF is likely to fall further toward the next support level 0.6020 (former resistance from the end of May and the start of March).

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