NZDCAD Forecast
D1 - Bullish trend pattern, currently it looks like a retrace is happening, bullish divergence.
H4 - The retrace is happening in the form of double wave down, while measuring the first wave we have two buy zones that has formed based on the 38.2% fibonacci retracement zone and the 61.8% fibonacci expansion level and the 50% fibonacci retracement level and 100% fibonacci expansion level.
The price is currently holding in the first buy zone, we also have bullish divergence. Until these two buy zone holds my view remains bullish here.
H4 - The retrace is happening in the form of double wave down, while measuring the first wave we have two buy zones that has formed based on the 38.2% fibonacci retracement zone and the 61.8% fibonacci expansion level and the 50% fibonacci retracement level and 100% fibonacci expansion level.
The price is currently holding in the first buy zone, we also have bullish divergence. Until these two buy zone holds my view remains bullish here.
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