NZD/CAD broke combined resistance area

NZD/CAD broke combined resistance area

  • NZD/CAD broke combined resistance area
  • Next buy targets - 0.9110 and 0.9200

NZD/CAD continues to rise inside the minor corrective wave 4, which earlier broke combined the resistance area lying between the pivotal resistance level 0.8980 (which stopped the earlier correction (iv) at the start of September), resistance trendline of the daily down channel from June and the 50% Fibonacci correction of the previous minor impulse wave 3 from July. NZD/CAD is expected to rise to the next buy targets at the next resistance levels 0.9110 and 0.9200.

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