Categories: Technical analysis

NZDCAD Wave Analysis – 7 November 2025

NZDCAD: ⬇️ Sell

– NZDCAD broke support area

– Likely to fall to support level 0.7850

NZDCAD currency pair recently broke the support area between the support level 0.7950 and the support trendline of the wide weekly down channel from the start of July.

The breakout of this support area accelerated the active short-term impulse wave 3 of the intermediate impulse wave (3) from July.

Given the strong daily downtrend, NZDCAD currency pair can be expected to fall to the next support level 0.7850 (former multi-month support from April).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: NZDCAD

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