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)).


GBP/USD: "V-Top" pattern

We're likely going to have a downward correction. It's likely that bears are going to test the closest support at 1.4066 during the day...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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