LeoPrime Daily Market Analysis

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NZDCHF reversed from support zone0.63200; Likely to rise to resistance level 0.64000.

NZDCHF currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the support zone set between the key support level 0.63200 (which stopped the previous waves (iv) and 1, as can be seen below), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from February. Given the strongly bearish swiss franc sentiment seen across the currency market today -NZDCHF currency pair can be expected to rise further toward the next resistance level 0.64000.

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