NZD/CAD broke multiple support levels

NZD/CAD broke multiple support levels

  • NZD/CAD broke multiple support levels
  • Next sell target - 0.8700

NZD/CAD has been falling sharply in the last few trading sessions inside the minor impulse wave 5, which previously broke though the multiple consecutive support levels: 0.9200, 0.9100 (previous sell target), 0.9000 and 0.8870. Each of these support breakouts accelerated the active impulse waves 5 and (C). NZD/CAD is expected to fall further toward next sell target at the next support level 0.8700 (forecast price for the termination of the active impulse wave (C)).

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