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NZDCHF Wave Analysis – 20 February, 2019

NZDCHF Wave Analysis – 20 February, 2019
  • NZDCHF reversed from multi-month resistance level 0.6900
  • Further losses are likely

NZDCHF recently reversed down from the multi-month resistance level 0.6900 (which has been reversing the price from the middle of November, as can be seen below) – strengthened by the upper daily Bollinger Band.

The downward reversal from this resistance level started the active medium-term impulse wave (3).

NZDCHF is expected to fall further and re-test the next support level 0.6800 (target price for the completion of the active impulse wave (i)).


Source: FxPro

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