NZDCAD Wave Analysis – 3 July, 2020

• NZDCAD broke key resistance level 0.8800

• Likely to rise to 0.8900

NZDCAD continues to rise after the earlier breakout of the key resistance level 0.8800 – which has been reversing the price from last December.

The breakout of the resistance level 0.8800 accelerated the active impulse waves 3 and (5).                                                 NZDCAD is likely to rise further toward the next resistance level 0.8900 (expected price for the termination of the active impulse sequence (5)).