NZD/CAD | New Zealand Dollar to Canadian Dollar Trading Analysis

NZD/CAD,D1


NZD/CAD,D1


Pivot: 0.8941


Analysis:

As long as price is above 0.8776 follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.8941
  • Take Profit 1: 0.9100
  • Take Profit 2: 0.9175


Alternative scenario:

If the level of 0.8776 is broken-down, follow the recommendations below:   

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.8776
  • Take profit 1: 0.8595
  • Take profit 2: 0.8487


Comment:

RSI indicates the potential for growth in the medium term.


Key levels:

Resistance ----- Support

0.9284 ----------- 0.8776

0.9175 ----------- 0.8595

0.9100 ----------- 0.8487

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