NZDCHF continues to fall inside the sharp downward impulse wave 1, which previously broke the support area lying at the intersection of the support level 0.63000 (former resistance from November) and the support trendline of the sharp daily up channel from the middle of October. Impulse wave 1 is also the part of the higher level downward impulse sequence (1) from the end of last month. Given the simultaneously rising bearish NZD sentiment and also strongly bullish CHF sentiment seen across the currency markets today – NZDCHF is expected to fall further toward the next support level 0.62250 (low of the minor correction 4 from the start of October).