NZD/CAD reached buy target 0.9630
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- NZD/CAD reached buy target 0.9630
- Next buy target - 0.9630
NZD/CAD continues to rise sharply – after the earlier breakout of the resistance level 0.9630 (which stopped the previous waves 1 and B and which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 0.9630 accelerated the active impulse waves (iii) and 3 – both of which belong to the sharp intermediate impulse wave (3) from April. NZD/CAD is expected to rise to the next buy target at the next resistance level 0.9800. Buy stop-loss can be placed below the aforementioned price level 0.9630.
