NZD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.8747, 0.8786, 0.8800
Key Support Levels: 0.8689, 0.8635, 0.8600
The price was in a downtrend where it posted lower lows and highs before managing to reverse once it reached the 0.8635 USD mark. This led to a move to the upside where we expect a change in the direction of the main trend.
NZD/CAD Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the bearish channel to the upside. Now it is holding around a strong support where we expect a move to the upside all the way to our target profit which is 0.8747 USD level.
Buy Market Order @ 0.8708
TP 1 @ 0.8747
TP 2 @ 0.8786
Stop Loss @ 0.86896
Trade Safely 🙂