FxWirePro:Buy NZD/CAD above 0.9560
Tuesday, January 31, 2017 9:25 AM UTC
- Major resistance- 0.9560 (Jan 25th high).
- Major support -0.9460 (Jan 26th low)
- NZD/CAD recovers slightly after making a low of 0.9460 on Jan26th 2017 low. It is currently trading around 0.95430.
- On the lower side, minor weakness can be seen below the 0.9460 level. Any break below 0.9460 will drag the pair till 0.9398/0.9370 (61.8% retracement of 0.9210 and 0.96284).
- The major resistance is around 0.9560 and any break above 0.9560 will take the 0.9630/0.9680.
It is good to buy above 0.9560 with SL around 0.9520 for the TP of 0.9630/0.9680.