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NZDCAD : Lower Support Near 0.7600 Could Push Price Up Again
New Zealand Dollar/Canadian Dollar
Long
NZDCAD : Lower Support Near 0.7600 Could Push Price Up Again
By KlejdiCuni
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Oct 31, 2022
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Oct 31, 2022
NZDCAD : Lower Support Near 0.7600 Could Push Price Up Again
Since February 21, the price is in a clear downtrend.
What's really interesting is that the lower support line is
pushing the price up whenever it's there.
We may see the price rise again this time as well.
A breakout of the minor wedge will push it higher
creating a new trend in the price direction
Thank you and Good Luck!
PS: Be careful as we are looking at the daily chart. By this I mean that the price can do also
andy deep pullback before it moves up again.
Beyond Technical Analysis
Chart Patterns
NZDCAD
Wave Analysis
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