Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
NZD/CAD reversed from support zone
2019-11-11 • Updated
- NZD/CAD reversed from support zone
- Next buy target - 0.8900
NZD/CAD recently reversed up from the support zone lying between the pivotal support level 0.8740 (low of the previous wave (A) from September) and the lower daily Bollinger Band. The upward reversal from this support zone started the active minor impulse wave C of the ABC correction (B) from September. Given the clear bullish divergence on the daily Stochastic indicator - NZD/CAD is expected to rise to the next buy target at the next resistance level 0.8900.
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