NZD/CAD long setup
NZD/CAD has held major trendline support at 0.8740 in last week's trade.
The pair has edged higher to break 20-DMA resistance at 0.8922, bias higher.
Technical indicators support upside in the pair. RSI and stochs are biased higher and MACD is showing a bullish crossover on signal line.
Close above 20-DMA raises scope for upside, next major resistance seen at 0.9010.
On the flipside, 20-DMA at 0.8922 is immediate support, we see weakness on break below.
We evidence bullish divergence on RSI and Stochs which adds to bullish bias.
Support levels - 0.8922 (20-DMA), 0.8876 (5-DMA), 0.8755 (trendline)
Resistance levels - 0.8980 (23.6% Fib retrace of 0.9758 to 0.8740 fall), 0.9015 (trendline), 0.9113 (Aug 29 high)
Good to go long on break above 0.9015, SL: 0.8920, TP: 0.91/ 0.9140/ 0.9170.
The pair has edged higher to break 20-DMA resistance at 0.8922, bias higher.
Technical indicators support upside in the pair. RSI and stochs are biased higher and MACD is showing a bullish crossover on signal line.
Close above 20-DMA raises scope for upside, next major resistance seen at 0.9010.
On the flipside, 20-DMA at 0.8922 is immediate support, we see weakness on break below.
We evidence bullish divergence on RSI and Stochs which adds to bullish bias.
Support levels - 0.8922 (20-DMA), 0.8876 (5-DMA), 0.8755 (trendline)
Resistance levels - 0.8980 (23.6% Fib retrace of 0.9758 to 0.8740 fall), 0.9015 (trendline), 0.9113 (Aug 29 high)
Good to go long on break above 0.9015, SL: 0.8920, TP: 0.91/ 0.9140/ 0.9170.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.