NZDCAD Appears To Be Ending its Bearish Wave.NZDCAD Appears To Be Ending its Bearish Wave.
In early September 2023, NZDCAD began a significant uptrend that continues to unfold clearly.
The price is rising within a large, daily "Ascending Channel" pattern. The support area of this channel has been tested five times in a row and the channel has remained valid, increasing the likelihood that the price will respect the lower boundary of the pattern this time as well.
Since we are analyzing a daily chart, the price movement is likely to take its time to grow, as it has happened before. The main point is that NZDCAD appears to be ending its bearish wave.
Targets based on the structure of the pattern are located near 0.8355, 0.8430 and 0.8600.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️