NZDCHF recently reversed up from the support area lying between the support level 0.65640, 50% Fibonacci correction of the upward impulse from the end of January and the upper trendline of the recently broke up channel from December (acting as support after it was broken). The upward reversal from this support area started the active impulse wave (v). Given the persistent daily uptrend and the continued Swiss franc bearishness seen across the FX markets today – NZDCHF currency pair can be expected to rise further toward the next resistance level 0.67700 (top of the previous impulse wave (iii)).