NZD/CAD Price Chart, Forecast And Analysis

NZDCAD Technical Analysis: Weekly Chart

In the weekly charts, NZDCAD is trading in a down channel.

It is trading below all SMA.

The immediate support is 0.8516 & the resistance level is at 0.8598.

NZDCAD is trading in the down channel until there is trend reversal.

NZDCAD Technical Analysis: Daily Chart

In the daily charts, NZDCAD is trading in a down channel.

It is trading below all SMA.

The immediate support is 0.8517 & the resistance level is 0.8575.

NZDCAD is trading in the down channel until there is trend reversal . 

How to Trade NZDCAD this Week:

NZDCAD will follow the downtrend until their trend reversal. So, remain bearish on NZDCAD.

TRADE SUGGESTION- SELL AT 0.8537 , TAKE PROFIT AT 0.8517 AND STOP LOSS AT 0.8575