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NZDCHF Technical Analysis 7 January, 2021

• NZDCHF reversed from support zone
• Likely to rise to resistance level 0.6270

NZDCHF currency pair continues to rise sharply after the rice reversed up from the support zone lying between the key support level 0.618 (which has been reversing the price from the start of December) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern long-legged Doji.

Given the strength of the aforementioned support zone and the strong Swiss franc outflows- NZDCHF currency pair can be expected to rise further toward the next resistance level 0.6270 (which has been reversing the pair from the start of December).

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