Thursday, October 15, 2026

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Call update: NZD/CAD target-1 hit, further bullishness only on breaks above 0.9237

NZD/CAD is extending upside after taking strong trendline support at 0.9042 on Feb 18th trade. Price action has re-entered the daily cloud and Stochs have shown a bullish crossover from oversold levels. Strong support is…

By Jay L. Zagorsky
1 min read
Call update: NZD/CAD target-1 hit, further bullishness only on breaks above 0.9237
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  • NZD/CAD is extending upside after taking strong trendline support at 0.9042 on Feb 18th trade.

  • Price action has re-entered the daily cloud and Stochs have shown a bullish crossover from oversold levels.

  • Strong support is seen by trendline at 0.9042, while minor support is seen at 0.9130 (5-DMA).

  • Major resistance is seen at 0.9237 levels, we see further bullishness only on breaks above, tests of 0.9320 then likely.

  • Our call (http://www.econotimes.com/FxWirePro-Good-to-long-NZD-CAD-around-09145-weakness-only-below-09040-164755) has hit target-1.

Recommendation: Book partial profits, raise trailing stops to 0.9170

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