- NZD/CAD has broken major trendline resistance at 0.95 levels.
- The pair is trading with a major bullish bias, momentum studies are bullish.
- Stochs and RSI are biased higher, we see a bullish MACD line crossover on signal line.
- Major support levels - 0.9503 (5-DMA), 0.9487 (50-DMA), 0.9469 (20-DMA)
- Major resistance levels - 0.9575 (Sept 30 high), 0.9594 (Oct 4 high), 0.9630 (Sept 26 high)
Recommendation: Good to go long on dips around 0.9540, SL: 0.9487, TP: 0.9590/ 0.9630
