Technical analysis

NZDCHF Wave Analysis 14 April, 2021

NZDCHF Wave Analysis 14 April, 2021

• NZDCHF reversed from support zone

• Likely to rise to resistance level 0.6625

NZDCHF recently reversed up from the support zone set between the key support level 0.6500 (former resistance from February), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse from December.

The upward reversal from this support zone stopped the earlier downward impulse wave (c).

NZDCHF is likely to rise further toward the next resistance level 0.6625 (top of the previous minor corrective wave (b) from the start of this month).

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