NZDCAD TECHNICAL ANALYSIS & FOREX FORECAST

NZDCAD Technical Analysis: Weekly Chart

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

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

The immediate support is 0.8632 & the resistance level is at 0.8746.

NZDCAD is trading 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.

It is trading above all SMA.

The immediate support is 0.8648 & the resistance level is 0.8788.

NZDCAD is trading 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 0.8706, TAKE PROFIT AT 0.8648 AND STOP LOSS AT 0.8788

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