NZD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.90566, 0.91112, 0.91120.
Key Support Levels: 0.90021, 0.89356, 0.88545.
The price on the higher time frame is in a clear upward movement where a series of higher highs and lows has been posted. As we can see from the screenshot the market is stuck above a strong support around the 0.90021 CAD mark. This could lead to a further movement to the upside in the coming hours.
NZD/CAD Medium-Term Trend: Bullish
On the lower time frame, the price is about to post a correction count where an accumulation phase is about to be broken to the upside. Higher lows along with bars that has long wicks to the downside shows that the market will rally soon toward the next key level.
Buy Limit Order @ 0.90036
TP 1 @ 0.90555
TP 2 @ 0.91112
Stop Loss @ 0.89817
Trade Safely 🙂