NZD/CHF broke resistance level 0.7150
- NZD/CHF broke resistance level 0.7150
- Next buy target - 0.7220
NZD/CHF continues to rise – following the earlier breakout of the key resistance level 0.7150 (which stopped the previous sharp impulse wave (i) at the start of August, as can be seen from the daily NZD/CHF chart below). The breakout of the resistance level 0.7150 is likely to accelerate the active minor impulse wave 5 – which belongs to the intermediate impulse wave (3) from the middle of January.
NZD/CHF is expected to rise further in the direction of the next buy target at the strong resistance level 0.7220 (which stopped the previous sharp minor impulse wave 3 in the middle of July).