FX:NZDCAD New Zealand Dollar/Canadian Dollar
Here's the chart that for some reason atracts crazy's. I'm looking at a wave 4 correction. We will soon know if wave 4 is done or if the ABC patter is still to finish. Here are two possibilities for the pair, both going up, just from different starting prices.
Oil is going to be better after Algeria meeting and we know that Canadian dollar is very sensitive for the oil price and it will refresh when the oil refresh , how it will lose all this points with NZD specially we have H&S on the monthly chart that means thousands of points the CAD is going to lose , i dont think that is going to happen .
Hi man, thanks for the comment. When you sai "oil is going to be better" do you mean for the production or consumer? you mean higher prices or lower? I see oil going up for maybe two months then down. I also see NZD strong. I wave count so if the charts tells me I'm wrong, I can't argue with the chart. So far this is my count, let's wait to see what happens this week. Here's the weekly count. It's either going up or may go down to complete a triangle, then up. This is what i see.