USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
NZD/CAD reached buy target 0.9450
2019-11-11 • Updated
- NZD/CAD reached buy target 0.9450
- Next buy target - 0.9630
NZD/CAD recently broke the resistance level 0.9450, which reversed the previous correction (iv) and which was set as the buy target in our earlier forecast for this currency pair. The breakout of the resistance level 0.9450 coincided with the breakout of the 50% Fibonacci correction level of the previous sharp downward impulse C-wave from February.
NZD/CAD is expected to rise to the next buy target at the key resistance level 0.9630 (which has reversed the price multiple times from November, as can be seen from the daily NZD/CAD chart below).
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