NZD/CHF reversed from resistance zone

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  • NZD/CHF reversed from resistance zone
  • Next sell target - 0.6710

NZD/CHF recently reversed down from the resistance zone lying between the resistance level 0.6800 (former support from the end of May) and the 38.2% Fibonacci correction of the previous downward impulse 3 from the middle of June. The downward reversal from this resistance zone started the active minor impulse wave 5. NZD/CHF is expected to fall further toward the next sell target at the next support level 0.6710 (low of wave (b)).

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