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NZDCAD Wave Analysis – 11 September , 2018

NZDCAD broke pivotal support level 0.8580
• Further losses are likely

NZDCAD today broke sharply below the pivotal support level 0.8580 (which has been reversing the price from the middle of August, as can be seen from the daily NZDCAD chart below).

The breakout of the support level 0.8580 continues the active short-term impulse wave C from the end of June.

NZDCAD is expected to fall further and retest the next support 0.8460 (target for the completion of the active impulse wave C).

NZDCAD - Primary Analysis - Sep-11 1952 PM (1 day)

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