NZDCAD Wave Analysis – 02 December, 2019

• NZDCAD broke key resistance level 0.8560
• Likely to rise to 0,8700

NZDCAD recently broke above the key resistance level 0.8560 (which stopped the previous impulse wave 1 earlier this month).

The breakout of the resistance level 0.8560 follows the earlier breakout of the resistance trendline of the daily down channel from March.

NZDCAD is expected to rise further toward the next resistance level 0,8700 (top of the previous upward correction from August).