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NZD/CAD chart - Trading View
- NZD/CAD has bounced off cloud support, is extending gains for the 2nd straight session.
- The pair is trading 0.22% higher at 0.9148, intraday bias higher.
- Technical studies support upside. RSI above 50, momentum with the bulls.
- Weekly charts also show bullish momentum. Price is extending gains above 200-W SMA.
- Scope for test of 0.9195 (trendline resistance). Break above to see further gains.
- Immediate support is seen at 5-DMA at 0.9130. Break below will see dip till daily cloud.
- Breach at daily cloud could see weakness till 110-EMA at 0.8992.
Support levels - 0.9130 (5-DMA), 0.9035 (23.6% Fib), 0.8992 (110-EMA)
Resistance levels - 0.9195 (trendline), 0.9250 (Dec 19 high), 0.9312 (61.8% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
