NZDCHF currency pair recently reversed from the resistance area located between the resistance level 0.62900 (which has been reversing the pair from July, as can be seen below) and the 38.2% Fibonacci correction of the downward impulse from the end of last month. The downward reversal from this resistance area stopped the previous minor corrective wave (ii) – starting the active downward impulse (iii). Given the strengthening bullish sentiment affecting the Swiss franc today (on safe haven inflows), NZDCHF currency pair can be expected to fall further toward the next support level 0.61750 (low of the previous minor impulse wave (i)).