NZD/CAD chart on Trading View used for analysis
- NZD/CAD has hit 5-month highs at 0.9134 on Wednesday's trade, bias higher.
- The pair is extedning a bounce off strong support at 200-DMA and has broken above 61.8% Fib retracement.
- Price action has broken above stiff resistance at 200W SMA at 0.9077, raising scope for further gains.
- Momentum strongly bullish on the daily charts. Technical studies are turning bullish on weekly charts.
- Impressive upside economic surprises from New Zealand, such as jobs/CPI and GDP likely to support the kiwi.
- Next bull target lies at 0.9227, while we see weakness till 0.88 on break below 200-DMA.
Support levels - 0.9077 (200W SMA), 0.9061 (61.8% Fib), 0.9039 (5-DMA)
Resistance levels - 0.9227 (June 2018 high), 0.9262 (78.6% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


US Gas Market Poised for Supercycle: Bernstein Analysts
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Global Markets React to Strong U.S. Jobs Data and Rising Yields
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro: USD/CNY gains some ground but bearish outlook persists
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Wall Street Analysts Weigh in on Latest NFP Data
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD recovers but bears are not done yet again 



