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NZD/CAD reversed from resistance zone

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  • NZD/CAD reversed from resistance zone
  • Next sell target - 0.8860

NZD/CAD today reversed down from the resistance zone lying between the resistance level 0.9060 (top of the previous corrective wave (a)) and the 38.2% Fibonacci correction of the downward impulse from July. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star Doji. NZD/CAD is expected to fall to the next sell target at the next support level 0.8860 (low of the previous correction (b)).

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