Forex Analysis

NZDCHF Technical Analysis Report 14 July, 2021

• NZDCHF reversed from long-term support level 0.6335
• Likely to rise to resistance level 0.6550

NZDCHF currency pair recently reversed up from the key, long-term support level 0.6335 (which has been reversing the pair from the middle of January) interesting with the lower daily Bollinger band and the support trendline of the daily down channel from the end of February. The upward reversal from the support level 0.6335 started the active short-term impulse wave 1.

Given the proximity of the support level 0.6335, NZDCHF currency pair can be expected to rise further toward the next resistance level 0.6550 (which has been reversing the price from the start of June).

Was this post helpful?