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Add as a preferred source on Google FxWirePro: NZD/CAD breaks major trendline resistance, good to go long on dips 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 …
By FxWirePro Team Oct 24, 2016, 5:30 AM UTC
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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
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