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NZDCAD Wave Analysis – 06 August, 2020

NZDCAD Wave Analysis – 06 August, 2020

  • NZDCAD reversed from support level 0.8800
  • Likely to rise to 0.8950

NZDCAD recently reversed up from the support level 0.8800 (former key resistance from June) – standing close to the lower daily Bollinger Band.

The upward reversal from the support level 0.8800 continues the active medium-term impulse wave (3) from the middle of June.

NZDCAD is likely to rise further toward the next resistance level 0.8950 (former multi-candle resistance from last month).

NZDCAD Wave Analysis – 06 August, 2020


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