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Mihai_Iacob

NzdCad is approaching great support zone

Long
NZD/CAD (OANDA:NZDCAD)  
Mihai_Iacob  
OANDA:NZDCAD   NZD/CAD
Trend Analysis Chart Patterns Technical Indicators NZDCAD NZDCADANALYSIS nzdcadlong nzdcadforecast nzdcadbuy NZDCADSIGNAL NZDCADIDEA NZDCADSETUP
31
10
trendanalysis chartpattern indicator nzdcad nzdcadanalysis nzdcadlong nzdcadforecast nzdcadbuy nzdcadsignal nzdcadidea nzdcadsetup
For a month now NzdCad is in a downtrend. However, the pair is approaching a great support zone and a buy trade in this zone can have a 1:3 R:R for swing traders
Buy dips under 0.87 can be a good idea and a dive under 0.86 would negate this scenario
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