NZD/CAD WEEKLY SCENARIO – March 04, 2022

NZDCAD Technical Analysis: Weekly Chart

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

It is trading above 20 days SMA & below 50 and 100 days SMA.

The immediate support is 0.8631 & the resistance level is at 0.8762.

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

NZDCAD Technical Analysis: Daily Chart

In the daily charts, NZDCAD is trading in an up channel.

It is trading above all SMA.

The immediate support is 0.8695 & the resistance level is 0.8736.

NZDCAD is trading in the up channel until there is a trend reversal.  

How to Trade NZDCAD this Week:

NZDCAD will follow the uptrend until their trend reversal. So, remain bullish on NZDCAD.

TRADE SUGGESTION- BUY AT 0.8710, TAKE PROFIT AT 0.8736 AND STOP LOSS AT 0.8695