FOREX PAIR: NZDCAD PRICE CHART, ANALYSIS AND TRADING TIPS

FOREX PAIR: NZDCAD PRICE CHART, ANALYSIS AND TRADING TIPS

forex technical analysis

NZDCAD Technical Analysis: Weekly Chart

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 0.8255 & the resistance level is at 0.8341.

NZDCAD will trade 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. 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 0.8260 & the resistance level is at 0.8340.

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 0.8288, TAKE PROFIT AT 0.8260 AND STOP LOSS AT 0.8340

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