NZDCAD Wave Analysis – 06 August, 2020
August 06, 2020 @ 17:44 +03:00
• 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).