- 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)).