NZDCAD Wave Analysis 10 March, 2021
March 10, 2021 @ 18:48 +03:00
• NZDCAD reversed from support level 0.9000
• Likely to reach resistance level 0.9100
NZDCAD recently reversed up from the round support level 0.9000 (which reversed the pair multiple times in December) – standing outside of the the lower daily Bollinger Band and intersecting with the 61.8% Fibonacci correction of the upward impulse from November.
The upward reversal from the support level 0.9000 started the active short-term impulse wave 3.
NZDCAD is likely to rise further toward the next resistance level 0.9100 (former monthly low from February).