NZD/CAD broke support zone

NZD/CAD broke support zone
Next sell target - 0.9200

NZD/CAD recently broke through the support zone lying between the 38.2% Fibonacci correction of the previous upward price impulse from the start of January, support level 0.9270 and the support trendline of the daily up channel from December. The breakout of these support levels accelerated the active impulse wave C from March. NZD/CAD is expected to fall toward the next sell target at next support level 0.9200.

nzd cad

Dmitry Chernovolov

Similar

19.04.2019 12:34 USD/CAD: 55 Moving Average acting as support

There's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case...

cad

19.04.2019 08:55 USD/CHF: price to test nearest support

The market has been rising since the last 'Pennant' pattern formed. However, there's a 'V-Top' pattern, which has been confirmed...

chf

18.04.2019 12:17 GBP/USD: 144 MA acting as resistance

There're bearish patterns such a 'Shooting Star' and an 'Engulfing', which both have been confirmed...

gbp

Latest news

08.08.2018 14:30 EUR/USD: local 'V-Top' pattern

The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...

eur

17.01.2018 08:12 GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp