NZDCHF currency pair recently reversed down from the resistance zone located between the key resistance level 0.62700 (which has been reversing the price from the start of December) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the earlier minor correction (ii). Given the strength of this resistance zone and the clear daily downtrend- NZDCHF currency pair can be expected to fall further toward the next support level 0.62000 – followed by the major support at 0.61800.