NZDCHF recently reversed up from the key support level 69.00 (former resistance from the start of October, which also stopped the earlier short term correction 2 at the end of last month) – strengthened by the proximity of the lower daily Bollinger Band. Given the moderate bearish sentiment affecting the Japanese Yen at the moment, NZDCHF is likely to rise further in the active impulse wave (iii), 3 and (C) toward the next round resistance level 70.00 (top of the previous waves 1 and (i)).