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NZDCAD Daily Chart Projection
DETAILED ANALYSIS
The NZDCAD has been down trending since the February 2021 and up till this moment ( Visible On Weekly )
Price made a lower high @0.88000 and there after, price rally to the downside to create a low which makes the Impulsive move.
Price approached a support level forming a wedge pattern which serves as a reversal pattern traders watch out for.
OUR DIRECTION:
We are anticipating price to make a corrective move to the up side. Targeting the 61.8% level and 78.6% market structures.
LEVELS TO WATCH OUT FOR:
Our first target is the 61.8% @0.84600
Second Target is the 79.6% @0.86250
