NZDCHF Wave Analysis

  • NZDCHF reversed from support level 0.5940
  • Likely to rise to resistance level 0.6050

NZDCHF currency pair recently reversed up from the strong support level 0.5940 (which has been reversing the pair from the middle of July).

The upward reversal from the support level 0.5940 stopped the previous impulse waves 3 and (3).

Given the bullish NZD sentiment seen today, NZDCHF currency pair can be expected to rise further toward the next resistance level 0.6050 (top of the previous correction 2).

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading