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March 10, 2021 at 03:48PM
• NZDCAD reversed from support level 0.9000
• Likely to reach resistance level 0.9100
NZDCAD recently reversed up from the round support level 0.9000 (which reversed the pair multiple times in December) – standing outside of the the lower daily Bollinger Band and intersecting with the 61.8% Fibonacci correction of the upward impulse from November.
The upward reversal from the support level 0.9000 started the active short-term impulse wave 3.
NZDCAD is likely to rise further toward the next resistance level 0.9100 (former monthly low from February).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/nzdcad-wave-analysis-10-march-2021-20210310/
Selected by fonecable.com
Search Web: NZDCAD Wave Analysis 10 March, 2021
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