GBP/NZD reversed from resistance zone Next sell target - 1…
NZD/CAD falling inside the impulse wave 5
- NZD/CAD falling inside the impulse wave 5
- Next sell target - 0.8740
NZD/CAD continues to fall inside the minor impulse wave 5 which started earlier from the strong resistance area lying between the resistance level 0.9060, upper daily Bollinger Band and the resistance trendline of the sharp daily down channel from June. The active impulse wave 3 belongs to the intermediate impulse wave (C) from the start of June. NZD/CAD is expected to fall to the next sell target at the next support level 0.8740 (low of the previous wave (b)).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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