Analysis of the NZDCAD Currency Pair for 02.04.2026

Analytics of currency pairs based on modified wave analysis, Fibonacci levels, and price channels.

02.04.2026.     

NZDCAD

Bears are testing the support zone on the H4 timeframe. Three downward wave structures are truncated. The Awesome Oscillator shows bullish divergence. To obtain favorable trading conditions, a fourth internal truncated structure is required.

Trading idea:

Buy after the formation of an internal downward truncated structure and its completion with a breakout of the descending channel. Enter on a breakout above the top of wave A.

Stop Loss – below the local low of the truncated downward structure.

Target levels – 0.7993; 0.8020.