NZDCHF recently reversed up from the support zone located lying between the support level 0.60300 (former monthly from the middle of June), lower daily Bollinger Band and the 50% Fibonacci retracement of the earlier upward impulse wave from May. Given the powerful bearish Swiss franc dollar sentiment seen across the FX markets today – NZDCHF is likely to rise further toward the next resistance level 0.61000 (former support from the end of July).
NZDCHF reversed from 0.60300 support zone; Likely to rise to 0.61000
![](https://analysis.leoprime.com/wp-content/uploads/2020/08/NZDCHF-Primary-Analysis-Aug-27-1529-PM-1-day-2-1200x548.png)