• NZDCAD analysis: a purchasing harmonic model on the 4-hour frame
06 May 2026
by: Kadiri Radouane
Date: avril.30.2026 Current price: 0.79762
Based on the attached image, here is an explanation of the technical analysis of the NZDCAD pair on the 4-hour frame: Technical analysis of the chart • Harmonic model: The graph shows a complete harmonic pattern. • Potential Reversal Zone (PRZ): The price has now reached a strong support area defined by the green rectangle, which represents the expected reversal point of the model. • Price forecast: A black stock indicates a forecast of a bullish reversal from this region (Bullish Reversal) after completing the fluctuation within the support area. Additional details of the analysis • Instrument: New Zealand dollar pair against Canadian dollar (NZDCAD). • Time frame: 4 hours (4h). • Key levels: • The current price is approaching the level of 0.79691. • The support area extends approximately between the levels of 0.79459 and 0.79691.
• NZDCAD analysis: success of the bounce scenario from the selected demand area.
06 May 2026
by: Kadiri Radouane
An excellent update of the NZDCAD deal on the 4-hour frame, where the chart shows high accuracy in the expectation of bounces from the specific support area: Analysis update details: • Support and rebound area: The price succeeded in touching the green shaded demand area (between the levels of 0.7969 and 0.7945), and began to rebound strongly from it as expected in the top chart. • Price Action: The price formed a small occasional movement (aggregation) within the support zone before starting up, achieving a strong upward that exceeded 0.8108 levels. • Technical models: We observe the completion of the upward structure after contacting the double bottom within the support area, which enhanced the strength of the price momentum towards the upper targets. • Current situation: The price is now approaching previous resistance levels at 0.8136, with a clear upward momentum in the last candles.
