LeoPrime Daily Market Analysis

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NZDCAD rising inside impulse wave (3); Likely to reach resistance level 0.91000.

NZDCAD currency pair continues to rise inside the impulse wave (3) which previously broke the resistance area set between the resistance level 0.90000 (former strong resistance from the middle of March) and the 38.2% Fibonacci correction of the upward impulse from October. Given the longer- term uptrend and the moderate NZD bullishness seen across the FX markets today- NZDCAD currency can be expected to rise further toward the next resistance level 0.91000 (target price for the completion of the active impulse wave 3).

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