NZD/CAD broke powerful support level 0.9210

NZD/CAD broke powerful support level 0.9210

  • NZD/CAD broke powerful support level 0.9210
  • Next sell target - 0.9100

NZD/CAD continues to fall after the earlier breakout of the powerful support level 0.9210, which has been steadily reversing this currency pair from last December, as can be seen from the daily NZD/CAD chart below. The breakout of the support level 0.9210 accelerated the active minor impulse wave 3, which belongs to the intermediate impulse wave (C) from the start of June. NZD/CAD is expected to fall to next sell target at the next support level 0.9100.

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EUR/NZD targeting the demand zone at 1.7015

The pair has been trading in a bullish tone since November 9th but currently it’s off from November 17th highs and we can expect that it finds dynamic support in the 200 SMA…

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