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NZDCAD is on a Nice Impulse inside this Channel

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New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
Profitlio_Trading  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis NZDCAD traderchamp profitlio profitliotrading signals Forex forexsignals
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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
Penafian

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