From TradingView · · 40s
NZDCAD Wave Analysis
NZDCAD reverses from support at 0.7990, targeting 0.8050 resistance.
In brief
NZDCAD reverses from support at 0.7990, targeting 0.8050 resistance. NZDCAD reversed from support level 0.7990 and is expected to rise to resistance level 0.8050. Originally reported by TradingView.
NZDCAD Wave Analysis
NZDCAD reversed from powerful support level 0.7990.
Support Zone Reversal
The pair reversed from support zone between 0.7990 and lower daily Bollinger Band.
Previous Correction
This reversal stopped short-term ABC correction 2 from August start.
Resistance Target
NZDCAD expected to rise to resistance level 0.8050.
Oversold Stochastic
Oversold daily Stochastic indicator suggests upward movement.
The headline
NZDCAD reversed from support level 0.7990 and is expected to rise to resistance level 0.8050.
