NZD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.88808, 0.88917, 0.89023.
Key Support Levels: 0.88591, 0.88485, 0.88381.
The price on the higher time frame found support around the 0.88585 mark after it left long wicks to the downside and fake out. This shows that the buyers are now control of the market and is about to move to the upside in the coming hours.
NZD/CAD Medium-Term Trend: Bullish
On the lower time frame, the market managed to break the descending flag pattern to the upside after finding bulls around the bespoke support. A lower correction could be seen before a new impulsive toward the target profits.
Buy Limit Order @ 0.88496
TP 1 @ 0.88835
TP 2 @ 0.88917
Stop Loss @ 0.88327
Trade Safely 🙂