EUR/USD reversed from support zone Next buy target - 1…
NZD/CAD rising inside accelerated minor impulse wave 3
- NZD/CAD rising inside accelerated minor impulse wave 3
- Next buy target - 0.9410
NZD/CAD continues to rise inside the accelerated minor impulse wave 3, which previously broke through the strong resistance level 0.9190 (which stopped the previous impulse wave (i) at the start of February, as can be seen below). NZD/CAD is expected to rise further toward the next buy target at the next resistance level 0.9410 (which is the high of the previous wave (ii) from July and the target price for the termination for eth active impulse wave 3).
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.