Categories: Technical analysis

NZDCAD Wave Analysis 21 May, 2021

• NZDCAD under bearish pressure

• Likely to fall to support level 0.8625

NZDCAD under the bearish pressure after breaking the key support level 0.8665 (low of the previous impulse wave 1 from the start of May).

The breakout of the support level 0.8665 accelerated the active impulse waves 3 and (5).

NZDCAD is likely to fall further toward the next support level 0.8625 (multi-month low from the middle of October).

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

1 day ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

1 day ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

1 day ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

1 day ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

2 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

2 days ago

This website uses cookies