NZD/CAD: buy target 0.9000
By: Dmitriy Chernovolov
- NZD/CAD reached buy target 0.8900
- Next buy target 0.9000
NZD/CAD has been rising steadily in the last few trading sessions inside the (C)-wave of the primary ABC correction ② from the start of September. This (C)-wave earlier broke through the resistance level 0.8900, which is the first of the two buy targets set in our previous forecast for this currency pair. The breakout of this resistance level follows the earlier breakout of the key resistance level0.8830 (which reversed the previous wave (4) in August, as you can see below).
NZD/CAD can be expected to rise further in the accelerated (C)-wave toward the next buy target at the round resistance level 0.9000.