NZDCHF recently broke above the key multi-month resistance level 0.63000 (which has been reversing this currency pair from the start of February, as can be seen from the daily NZDCHF chart below). The breakout of the resistance level 0.63000 continues the active short-term impulse wave (v) – which belongs to wave 3 from the middle of October. Given the multi month uptrend inside which the pair has been moving from March and the strongly bullish NZD sentiment seen across the FX markets today – NZDCHF is likely to rise further toward the next resistance level 0.64300 (target price for the completion of the active impulse wave 3).