What will happen to the one of the main indices - S&P500
NZD/CAD approaching support level 0.9270
- NZD/CAD approaching support level 0.9270
- Next sell target - 0.9220
NZD/CAD continues to fall inside the minor corrective wave 2 – which started earlier from the resistance zone lying between the resistance level 0.9450, upper daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp downward ABC correction (2) from the start of February.
The price is currently approaching the support level 0.9270 (low of the aforementioned ABC correction (2)). If the price breaks below this support level - NZD/CAD can then fall to the next sell target at the support level 0.9220 (which stopped the previous long-term ABC correction ② in January).
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…