NZD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.90566, 0.91079, 0.91636.
Key Support Levels: 0.90021, 0.89356, 0.88545.
The price on the higher time frame is in a clear upward movement where higher highs and lows have been posted. The pair managed to break the daily resistance around the 0.90021 CAD mark and retrace to it. We expect further movement to the upside in the coming hours.
NZD/CAD Medium-Term Trend: Bullish
On the lower time frame, the price managed to break the bullish flag formation to the upside after finding buyers around the 61.80 % Fibonacci retracement level. a lower correction could be seen to the highlighted before a new bullish impulsive wave toward the target profit.
Buy Limit Order @ 0.90028
TP 1 @ 0.90555
TP 2 @ 0.91079
Stop Loss @ 0.89817
Trade Safely 🙂