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NZDCHF Technical Analysis 30 August, 2021

• NZDCHF broke resistance area
• Likely to rise resistance level 0.6500

NZDCHF continues to rise inside after this currency pair broke the resistance area located between the key resistance level 0.6400 and the 61.8% Fibonacci correction of the downward impulse from the start of August. The breakout of the resistance level 0.6400 should strengthen the bullish pressure on this currency pair.

Given the strengthening bearish sentiment affecting the Swiss franc today- NZDCHF can be expected to rise further toward the next resistance level 0.6500 (top of the minor correction 2 from the start of August) – from where the price is likely to correct down.

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