LeoPrime Daily Market Analysis

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NZDCHF reversed from 0.64300 support area; Likely to rise to 0.65300

NZDCHF recently reversed up from the support area lying between the key support level 0.64300 (low of the previous minor correction (iv)) and the 61.8% Fibonacci correction of the previous sharp upward impulse from the start of November. Given the clear bullish sentiment seen affecting New Zealand right now, NZDCHF is likely to rise further in the active waves (iii), C and (B) toward the next resistance level 0.65300 (high of the previous impulse wave (iii) from the start of December)

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