NZD/CAD broke support zone

NZD/CAD broke support zone

2019-11-11 • Updated

  • NZD/CAD broke support zone
  • Next sell target - 0.8830

NZD/CAD recently broke the support zone lying between the round support level 0.9000 (which stopped the previous minor impulse wave (iii) in April, as can be seen below) the 61.8% Fibonacci correction of the upward price impulse from January. The breakout of this support zone accelerated the active impulse wave C. NZD/CAD is expected to fall toward the next sell target at the next support level 0.8830.

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