LeoPrime Daily Market Analysis

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NZDCHF reversed from support area; Likely to rise to resistance level 0.65000.

NZDCHF currency pair recently reversed up from the support area lying between the key support level 0.63450 (which has been reversing the price from Januarys) and the lower daily Bollinger band. The upward reversal from this support area stopped the previous impulse wave (C) from the middle of April. Given the strength of the aforementioned support area – NZDCHF currency pair can be expected to rise further toward the next resistance level 0.65000 (which has been reversing this currency pair from the start of June).

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