NZD/CAD broke resistance area

• NZD/CAD broke resistance area
• Next buy target - 0.9070

 NZD/CAD recently broke the resistance area lying between the round resistance level 0.9000 (which was set as the buy target in our previous forecast for this currency pair) and 38.2% Fibonacci correction of the previous sharp downward impulse wave C from the start of April. NZD/CAD is expected to rise further toward the next buy target at the next resistance level 0.9070 (top of the previous corrective wave (iv)).

Dmitry Chernovolov

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