NZDCAD Technical Analysis: Weekly Chart
In the weekly charts, NZDCAD was trading in a down channel. NZDCAD is currently trading below all SMA.
RSI is in oversold zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 0.8178 & the resistance level is at 0.8339.
NZDCAD was trading in the 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 SMA.
RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 0.8165 & the resistance level is at 0.8217.
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.
