NZD/CAD could find a top around 0.8930
NZD/CAD managed to make a rebound above the May 17th lows and it’s currently making a retracement from the decline held since May 8th…
NZD/CAD reversed from support area
- NZD/CAD reversed from support area
- Next buy target - 0.9350
NZD/CAD continues to rise inside the minor impulse wave 3, which recently reversed up from the support area lying between the pivotal support level 0.9200 (former resistance level from the start of February) and 38.2% Fibonacci correction of the previous sharp upward impulse from the end of January. NZD/CAD is expected to rise further toward the next buy target at the next resistance level 0.9350 (top of the previous minor impulse wave (iii)).
Dmitry Chernovolov
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