NZDCAD Bulls are Ready to Take Over

2020-01-17 11:12:43

NZDCAD's current chart pattern is unfolding as a bullish Elliot Wave impulse structure. Price seems to have completed wave (iv) of 3 which set a stage for another rally in wave (v) of 3.

Price has also rejected a weekly support area that lined up with a moving average. The potential price target is within the blue zone on the chart.