NZDCHF recently broke the resistance trendline of the extended daily Triangle from May. The breakout of this Triangle continues the active short-term corrective weave (ii) from the start of September. Given the strongly bearish Swiss franc sentiment seen across the FX markets today – NZDCHF is likely to extend the gains toward the next resistance level 0.61900 (top of the previous correction 2) – the breakout of which will likely lead to the test of 0.62200 (monthly high form July).
NZDCHF broke daily Triangle; Likely to rise to 0.61900
![](https://analysis.leoprime.com/wp-content/uploads/2020/09/NZDCHF-Primary-Analysis-Sep-18-1503-PM-1-day-1-1200x548.png)