New Zealand-Canadian Pair Movement Forecast

Today, the NZD pair is trading inside a bearish price channel on the daily frame, bouncing from the Harmonic Bat levels near and around 0.7900 levels, and the pair is now trading near 0.7940 levels under the influence of a positive Divergence on the MACD indicator.

The pair is currently expected to rise towards 0.8050 as an initial target and then 0.8180 as a final target near the downtrend levels on the daily frame.

This scenario fails with a break below 0.7870 levels.