NZDCAD is on a Nice Impulse inside this Channel
Market Instrument: NZDCAD
Timeframe: Weekly
Analysis: Technical
Structure: Minor Resistance, Impulse, and Channel
Prediction: Bearish
NZDCAD is forming a nice impulse inside this channel while the current price has revisited the upper boundary and the minor resistance formed on the weekly chart. I have a decent expectation of a reversal to complete the 5th impulse while it has the potential to revisit the support where it got lifted recently or a deeper level close to 0.809
Timeframe: Weekly
Analysis: Technical
Structure: Minor Resistance, Impulse, and Channel
Prediction: Bearish
NZDCAD is forming a nice impulse inside this channel while the current price has revisited the upper boundary and the minor resistance formed on the weekly chart. I have a decent expectation of a reversal to complete the 5th impulse while it has the potential to revisit the support where it got lifted recently or a deeper level close to 0.809