NZD/CAD chart on Trading View used for analysis
- NZD/CAD has hit 5-month highs at 0.9134 on Wednesday's trade, bias higher.
- The pair is extedning a bounce off strong support at 200-DMA and has broken above 61.8% Fib retracement.
- Price action has broken above stiff resistance at 200W SMA at 0.9077, raising scope for further gains.
- Momentum strongly bullish on the daily charts. Technical studies are turning bullish on weekly charts.
- Impressive upside economic surprises from New Zealand, such as jobs/CPI and GDP likely to support the kiwi.
- Next bull target lies at 0.9227, while we see weakness till 0.88 on break below 200-DMA.
Support levels - 0.9077 (200W SMA), 0.9061 (61.8% Fib), 0.9039 (5-DMA)
Resistance levels - 0.9227 (June 2018 high), 0.9262 (78.6% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Urban studies: Doing research when every city is different
China’s Growth Faces Structural Challenges Amid Doubts Over Data
FxWirePro- Woodies Pivot(Major)
FxWirePro-Major European Indices
NZDJPY Bulls in Control: Buy-the-Dip Setup Points to 96 Target
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
EUR/JPY Powers Higher for 2nd Day — Bulls Charge Toward 187+ Breakout 



