$NZDCAD Elliottwave Analysis 5.19.2016

This is a an Elliottwave Analysis video on $NZDCAD. Short term, the pair looks to have ended cycle from 12/29/2015 peak, and pair should be in larger wave (X) bounce to correct the decline from 0.958 before pair turns lower again. Near term target is 0.889 – 0.893 area, then it should pullback in 3 waves before higher again to at least 0.9. Medium and longer term view remains the same and looking for another leg lower at later point. If you enjoy this video, feel free to browse other technical articles at our Technical Blogs and also check Chart of The Day. For further information on how to find levels to trade forex pairs, indices, and commodities using Elliottwave, take our FREE 14 Day Trial.