Technical analysis

NZDCAD Wave Analysis 29 March, 2021

NZDCAD Wave Analysis 29 March, 2021

• NZDCAD rising inside impulse wave 1

• Likely to reach resistance level 0.8875

NZDCAD continues to rise inside the minor impulse wave 1, which started earlier from the key support level 0.87500 (former monthly low from November of 2020) – strengthened by the lower daily Bollinger Band.

The active impulse wave 1 belongs to the higher order upward impulse sequence (1).

NZDCAD is likely rise further to the next resistance level 0.8875 (target price for the completion of the active impulse wave 1).

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