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NZDCHF recently reversed up from the support zone located lying between the support level 0.60300 (former monthly from the middle of June), lower daily Bollinger Band and the 50% Fibonacci retracement of the earlier upward impulse wave from May. Given the powerful bearish Swiss franc dollar sentiment seen across the FX markets today – NZDCHF is likely to rise further toward the next resistance level 0.61000 (former support from the end of July).
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