NZD/CAD reversed from support zone

NZD/CAD reversed from support zone

  • NZD/CAD reversed from support zone
  • Next buy target - 0.9000

 NZD/CAD recently reversed up from the support zone lying between the support level 0.8830 (pervious sell target) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier minor impulse wave (iii). NZD/CAD is expected to rise further toward the next buy target at the next round resistance level 0.9000 (former support from the end of April).

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