Technical analysis

NZDCHF Wave Analysis – 17 June, 2019

NZDCHF Wave Analysis – 17 June, 2019
  • NZDCHF reversed from support area
  • Further gains are likely

NZDCHF recently reversed up sharply from the combined support area lying between the key support level 0.6470 (which has been reversing the price from last October) and the lower daily Bollinger Band.

The upward reversal from this support area stopped the earlier medium-term downward impulse sequence C from the start of March.

NZDCHF is expected to rise further and retest the next resistance level 0.6550.

Article Rating