NZD/CAD WEEKLY TECHNICAL ANALYSIS

forex technical analysis

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 0.8628 & the resistance level is at 0.8745.

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 0.8636 & the resistance level is 0.8706.

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 0.8667, TAKE PROFIT AT 0.8706 AND STOP LOSS AT 0.8636

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