GBP/NZD reversed from resistance zone Next sell target - 1…
NZD/CAD reversed from resistance zone
- NZD/CAD reversed from resistance zone
- Next sell target - 0.8860
NZD/CAD today reversed down from the resistance zone lying between the resistance level 0.9060 (top of the previous corrective wave (a)) and the 38.2% Fibonacci correction of the downward impulse from July. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star Doji. NZD/CAD is expected to fall to the next sell target at the next support level 0.8860 (low of the previous correction (b)).
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115…