NZD/CHF: sell target - 0.6450
By: Dima Chernovolov
- NZD/CHF falls inside minor impulse 3
- Next sell target - 0.6450
NZD/CHF continues to fall after the recent breakout of the support level 0.6800 (which was set in our previous forecast as the sell target for this currency pair). The price earlier spent nearly all May trying to penetrate this support level – trading inside the narrow sideways price range located between levels 0.6800 and 0.6950, as you can see below.
NZD/CHF is likely to fall further inside the active minor impulse wave 3 toward the next sell target 0.6450 (former major support level which stopped the previous primary impulse ① in January, as can be seen below).