TradingEW

NZDCAD on impulse (c) rally

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
3
After a prolonged decline, especially on an impulse wave with a 5th wave extension, expecting retracement of at least 61.82%.
Here, present wave iv correction (3-3-5) tends to retrace 0.6182 of iii, now poised for near term target of 0.8970 & longer term 0.9100.

Long term view
i.gyazo.com/e77e3c60...18ad735efdd9a8e4.png
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.