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NZD/CAD has been trading a symmetric triangle pattern, awaiting breakout for further direction.
- The pair is holding above strong trendline support at 0.9075, breaks below could take the pair to 0.9050 levels.
- Resistance on the topside is seen at 0.9170, breaks above could take the pair to 0.9226.
- Technicals support upside in the pair, RSI and Stochs point north, with upside nicely converging with price action.
- Price action is currently raging within the cloud and cloud base at 0.9079 also offers strong support on the downside.
Recommendation: Buy NZD/CAD breakout above 0.9175, SL: 0.9075, TP: 0.9225/0.9270
