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NZDCHF recently reversed up from the support area located between the key support level 0.60000 (low of the previous impulse wave (i) from September), lower daily Bollinger Band and the support trendline of the daily Triangle from May. Given the strengthening bearish NZD sentiment seen across the FX markets today, NZDCHF is likely to rise further toward the next resistance level 0.61000 (top of the previous wave (ii)).
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