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NZD/CAD trade idea

Potential Reversal Zone (PRZ) - 0.8705 Any break above 0.8705 will take the pair till 0.8725/8750 level. On the downside minor support is around 0.8680 and break below targets 0.8630/0.8600 level. The pair is consolidati…

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NZD/CAD trade idea
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Potential Reversal Zone (PRZ) - 0.8705

  • Any break above 0.8705 will take the pair till 0.8725/8750 level. On the downside minor support is around 0.8680 and break below targets 0.8630/0.8600 level.

  • The pair is consolidating between 0.8700-0.8670 for the past two trading session. It is currently trading at 0.8701.

It is good to buy only above 0.8705 with SL around 0.8670 for the TP of 0.8745/0.8790

 R1-0.8705

 R2-0.8745

R3- 0.8790

Support

S1- 0.8670

S2-0.8630

S3-0.8600

 

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