NZD/CHF continues the strong uptrend
- NZD/CHF continues the strong uptrend
- Next buy targets - 0.7150 and 0.7200
NZD/CHF continues to rise inside the minor impulse wave 5, which stared earlier when the pair reversed up from the support zone lying between the pivotal support level 0.6850 (former resistance level from June) and the 50% Fibonacci correction of the previous sharp upward impulse from the start of May. The active minor impulse wave 3 belongs to the sharp intermediate impulse wave (C) from the middle of January.
NZD/CHF is expected to rise further in the direction of the next buy targets at the resistance levels 0.7150 and 0.7200 (which reversed the previous sharp minor impulse wave 3 in July).