NZDCAD: ⬇️ Sell

– NZDCAD reversed from resistance zone

– Likely to fall to support level 0.7850

NZDCAD currency pair recently reversed down from the resistance zone between the resistance level 0.7950, 20-day moving average and the lower trendline of the recently broken down channel from July.

The downward reversal from this resistance zone accelerated the active impulse wave iii – which belongs to the impulse waves 3 and (3).

Given the clear daily downtrend, NZDCAD currency pair can be expected to fall further to the next support level 0.7850, which reversed the rice sharply in April.