Technical analysis

NZDCHF Wave Analysis – 25 May, 2021

• NZDCHF reversed from support level 0.6420

• Likely to rise to resistance level 0.6620

NZDCHF currency pair recently reversed up from the support level 0.6420 (former strong support from February) – standing close to the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from December.

The upward reversal from the support level 0.6420 stopped the earlier intermediate impulse wave (3).

NZDCHF can be expected to rise further toward the next resistance level 0.6620 (which reversed the pair multiple times in April).

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