NZDCHF falling strongly after the earlier sharp downward reversal from the resistance area lying between the key resistance level 0.62400 (former support from February), upper daily Bollinger Band and the resistance trendline of the daily up channel from the middle of March. Given the strong bearish sentiment affecting the New Zealand dollar – coupled with the extreme Swiss franc bullishness – NZDCHF is likely to extend the losses toward the next support level 0.60000, intersecting with the aforementioned daily up channel from March.