NZD/CHF Wave Analysis

 

NZDCHF reversed from support level 0.5750
Likely to rise to resistance level 0.5830

NZDCHF recently reversed up from the key support level 0.5750. The support level 0.5750 coincided with the 50% Fibonacci correction of the previous upward ABC correction from the start of October.

NZDCHF can be expected to rise further toward the next resistance level 0.5830.

AUD/CHF:
AUDCHF reversed from support level 0.6300
Likely to rise to resistance level 0.6380

AUDCHF recently reversed up from the key support level 0.6300. The upward reversal from the support level 0.6300 is likely to from the daily Bullish Engulfing – which will mark the end of the previous minor impulse wave 3.

Given the oversold daily Stochastic, AUDCHF can be expected to rise further toward the next resistance level 0.6380.