Nzdcad Technical Analysis and Price Forecast Of Nzdcad

Nzdcad Technical Analysis and Price Forecast Of Nzdcad

Nzdcad Technical Analysis

NZDCAD Technical Analysis: Weekly Chart

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

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

Its immediate support is 0.7957 & the resistance level is at 0.8069.

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

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

Its immediate support is 0.7958 & the resistance level is at 0.8023.

NZDCAD will trade in 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 0.7979, TAKE PROFIT AT 0.7958 AND STOP LOSS AT 0.8023

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