NZDCAD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on

Midterm forecast:

0.8780 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.8780 is broken.
Technical analysis:

While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.9100 on 11/21/2018, so more losses to support(s) 0.8920 and minimum to Major Support (0.8780) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 66.

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