NZDCHF continues to rise higher – after the pair reversed up from the combined support area lying between the
support level 0.62400 (which has been reversing the price from the start of November), lower daily Bollinger Band
and the 38.2% Fibonacci correction level of the previous upward impulse wave from the middle of October.
Given the moderately bullish sentiment affecting the New Zealand today – coupled with the mild Swiss franc
bearishness on hopes the new covid-19 strain can still be contained in UK – NZDCHF is expected to rise further
toward the next resistance level 0.63400 (top of the previous correction (ii)).