Canadian New Zealander and projected scenarios

Best Buy Areas for NZD/CAD.

 

The NZD/CAD pair is still moving in a sideways direction on the daily frame

The pair was able to form new strong demand areas on the same frame.

The first scenario is expected to rise from the new demand areas to the targets specified on the chart. 

The second scenario is in the event of the failure of the demand areas

and breaking them and closing below them

It is expected that the pair will continue to decline and form lower bottoms.

The most likely scenario is currently the first scenario

and it is preferable to enter the buy after any buying 

behavior appears on the lower frames such as 4 hours.