NZDCAD Wave Analysis 21 May, 2021
May 21, 2021 @ 18:16 +03:00
• 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).