NZD/CAD chart - Trading View
- NZD/CAD is trading at 0.9199 at 0940 GMT, up 0.47% at the time of writing.
- The pair has broken major resistance at 0.9190 raising scope for further upside.
- Technical studies support further gains. Momentum is with the bulls.
- Price action is above cloud and major moving averages. Convergence on RSI with price action seen.
- Pair now eyes Dec 19th highs at 0.9250 ahead of 61.8% Fib at 0.9312.
- Immediate support seen at 21-EMA at 0.9104. Break below 100-DMA negates bullish bias.
Support levels - 0.9104 (21-EMA), 0.9060 (200W SMA), 0.9039 (100-DMA)
Resistance levels - 0.9250 (Dec 19 high), 0.9312 (61.8% Fib), 0.9518 (Mar 2018 high)
Recommendation: Good to go long on dips, target 0.9250/ 0.9310/ 0.94/ 0.9510
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
