NZD/CHF rising inside impulse waves iii and (iii)
- NZD/CHF rising inside impulse waves iii and (iii)
- Next buy target - 0.7000
NZD/CHF has been rising strongly – following the earlier sharp upward reversal from the powerful support level 0.6860 (former multi-month resistance level, which stopped the earlier waves (1), B and (i), as can be seen from the daily NZD/CHF chart below). The upward reversal from this support level continues the active minor impulse waves iii and (iii) – which belong to the impulse wave 3 of the intermediate impulse wave (3) from the end of January.
NZD/CHF is likely to rise further to the next buy target at the resistance level 0.7000 (intersecting with the resistance trendline of the wide daily up channel from the start of January).