. Currency Trading - NZDCAD Price Technical Analysis and News - CSFX

Currency Trading – NZDCAD Price Technical Analysis and News – CSFX

Currency Trading – NZDCAD Price Technical Analysis and News – CSFX

19 May 2022

NZDCAD Technical Analysis: Weekly Chart

NZDCAD technical analysis

In the weekly charts, NZDCAD was trading in a down channel. NZDCAD is currently trading below all SMA.

RSI is in the over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.8084 & the resistance level is at 0.8400.

NZDCAD was trading in the down channel before there is breakout downside.

NZDCAD Technical Analysis: Daily Chart

NZDCAD technical analysis

In the daily charts, NZDCAD is trading in a down channel. NZDCAD is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.8084 & the resistance level is at 0.8181.

NZDCAD will trade 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 0.8146, TAKE PROFIT AT 0.8084 AND STOP LOSS AT 0.8181