NZD/CHF: buy target - 0.7450
- NZD/CHF rises inside C-wave
- Next buy target - 0.7450
NZD/CHF continues to rise inside the C-wave of the intermediate ABC correction (2) – which started in the middle of January – when the previous sharp intermediate impulse (1) stopped at the major support level 0.6450 (as you can see from the daily NZD/CHF chart below). This C-wave earlier started, when the price reversed up from the support zone lying between the support level 0.7200 and the 38.2% Fibonacci Correction of the previous upward impulse from February.
NZD/CHF is likely to rise further inside the active minor impulse (iii) of the aforementioned C-wave – in the direction of the next buy target 0.7450 (which resistance level last month reversed the previous A-wave).