NZD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.89571, 0.89728, 0.89850.
Key Support Levels: 0.89256, 0.89021, 0.88811.
The price on the higher time frame failed to break the support level around the 0.89254 CAD mark by leaving a double bottom pattern. We expect the market to continue its main direction to the upside toward the next key resistance level.
NZD/CAD Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the bullish flag formation to the upside after finding buyers around the 50% Fibonacci retracement level. we expect further movement to the upside but before that a lower correction could be posted to the highlighted zone.
Sell Limit Order @ 0.89213
TP 1 @ 0.89564
TP 2 @ 0.89728
Stop Loss @ 0.89038
Trade Safely 🙂