Technical analysis

NZDCHF Wave Analysis 12 April, 2021

NZDCHF Wave Analysis 12 April, 2021

• NZDCHF broke key support level 0.6500

• Likely to reach support level 0.6400

NZDCHF continues to fall inside the minor corrective wave (c) – which previously broke the key support level 0.6500 (low of the previous wave (a)).

The breakout of the support level 0.6500 coincided with the breakout of the 50% Fibonacci correction of the upward impulse from December.

NZDCHF is likely to fall further toward the next support level 0.6400 (target price for the completion of the active corrective wave (c)).

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