Ktafx

August 20, 2020 at 03:20PM

• NZDCAD reversed from resistance level 0.8700

• Likely to fall to 0.8500

NZDCAD recently reversed down from the resistance level 0.8700 (former support from June), intersecting with the lower trendline of the daily up channel from the middle of March.

The downward reversal from the resistance level 0.8700 created the daily reversal pattern Shooting Star – which started the active short-term impulse wave 3.

NZDCAD is likely to fall further toward the next support level 0.8500 (likely price for the completion of the active impulse wave 3).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/nzdcad-wave-analysis-20-august-2020-20200820/
Selected by fonecable.com

euro
Search Web: NZDCAD Wave Analysis – 20 August, 2020

Recent Posts

euro

Related Listening

More From FoneCable

Leave a Reply

Your email address will not be published. Required fields are marked *