0
0
April 16, 2021 at 03:48PM
• NZDCAD reversed from resistance level 0.8980
• Likely to fall to support level 0.8885
NZDCAD currency pair recently reversed down from the resistance level 0.8980 (former strong support from the start of December) intersecting with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from February.
The downward reversal from the resistance level 0.8980 stopped the previous minor impulse wave 3.
NZDCAD is likely to fall further toward the next support level 0.8885 (top of the impulse wave 1 from the start of April).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/nzdcad-wave-analysis-16-april-2021-20210416/
Selected by fonecable.com
Search Web: NZDCAD Wave Analysis 16 April, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
