FxWirePro Currency Strength Index for NZD/CAD: Bias Bullish
FxWirePro's Hourly NZD Spot Index was at 76.3811 (Bullish)
FxWirePro's Hourly CAD Spot Index was at -174.481 (Bearish)
Technical Analysis: Bias Bullish
- Momentum bullish, Stochs sharply higher
- Price action has entered daily cloud
- +ve DMI dominance, MACD supports trend higher
- The pair is extending gains above 200-DMA
Support levels - 0.9115 (5-DMA), 0.9073 (55-EMA), 0.9025 (200-DMA)
Resistance levels - 0.9166 (100-DMA), 0.92, 0.9238 (61.8% Fib)
Recommendation: Good to go long on break above 100-DMA, SL: 0.9110, TP: 0.92/ 0.9240/ 0.93
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