NZDCHF recently reversed up with the weekly reversal pattern Hammer from the powerful long-term support level 0.58000 (which has been reversing the price from the start of 2015, as can be seen from the weekly NZDCHF chart below). The support zone near the support level 0.5800 was strengthened by the lower weekly Bollinger Band. Given the strength of the aforementioned support level 0.58000 and the moderately bullish sentiment affecting the New Zealand dollar today – NZDCHF is likely to extend the gains toward the next round resistance level 0.60000.