Long positions in NZD/CAD after NZD breaks the level 0,9033
On 1W TF it's flat. The 200-EMA is moving sideways. The pair tested the support level. The volume is decreasing. ADX line is moving down that means that the tendency to move down is weakening - there is a possibility for the reversal.
On working 1D TF the pair touched 200-EMA. The volume dropped. The reversal should be confirmed by the indicators like MACD and Parabolic SAR. Also the pair has to break 23,6% Fibo level up. The possible target is 0,9078 (38,2% Fibo level). Results: if the pair breaks the level 0,9033 it is possible to open long positions.
On working 1D TF the pair touched 200-EMA. The volume dropped. The reversal should be confirmed by the indicators like MACD and Parabolic SAR. Also the pair has to break 23,6% Fibo level up. The possible target is 0,9078 (38,2% Fibo level). Results: if the pair breaks the level 0,9033 it is possible to open long positions.