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NZDCHF continues to fall inside the medium-term impulse wave (3) – which started earlier from the resistance area lying between the key resistance level 0.59600 (former monthly high from April), upper Bollinger band and the 38.2% Fibonacci correction of the previous sharp downward impulse wave from February. With the strengthening bearish New Zealand dollar sentiment seen – NZDCHF can be expected to fall further toward the next support 0.57800 (which reversed the earlier waves A, C and (1)).
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