Market Instrument: NZDCAD
Timeframe: Weekly
Analysis: Technical
Structure: Minor Resistance, Impulse, and Channel
Prediction: Bearish
NZDCAD is forming a nice impulse inside this channel while the current price has revisited the upper boundary and the minor resistance formed on the weekly chart. I have a decent expectation of a reversal to complete the 5th impulse while it has the potential to revisit the support where it got lifted recently or a deeper level close to 0.809
Timeframe: Weekly
Analysis: Technical
Structure: Minor Resistance, Impulse, and Channel
Prediction: Bearish
NZDCAD is forming a nice impulse inside this channel while the current price has revisited the upper boundary and the minor resistance formed on the weekly chart. I have a decent expectation of a reversal to complete the 5th impulse while it has the potential to revisit the support where it got lifted recently or a deeper level close to 0.809
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.