Thursday, October 15, 2026

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FxWirePro: Good to long NZD/CAD around 0.9145, weakness only below 0.9040

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. Ongoing strength …

By Jay L. Zagorsky
1 min read
FxWirePro: Good to long NZD/CAD around 0.9145, weakness only below 0.9040
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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.
     
  • Ongoing strength in commodities likely to support the pair higher, next immediate resistance is seen at 0.9176 (10-DMA) ahead of 0.9201 (Feb 16th highs).
     
  • Strong support is seen by trendline at 0.9042, while minor support is seen at 0.9110 (5-DMA).
     

Recommendation: Good to go long on dips around 0.9145, SL: 0.9040, TP: 0.92/0.9235/0.9270

 

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By FxWirePro Team