NZD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.88870, 0.89236, 0.90000.
Key Support Levels: 0.88524, 0.88233, 0.88000.
The price on the higher time frame broke the trend line support to the upside after a small Wyckoff accumulation phase in the bottom. We have seen higher highs and lows which led to a break of the key resistance line (now support). We expect further movement to the upside toward the next key resistance zone.
NZD/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair showed an inverse head and shoulders which indicates a potential end of the pullback. A lower correction is expected before a new impulsive wave toward the target profits.
Buy Limit Order @ 0.88556
TP 1 @ 0.88819
TP 2 @ 0.89236
Stop Loss @ 0.88426
Trade Safely 🙂