NZDCAD Technical Analysis

NZDCAD Technical Analysis

nzdcad technical analysis

NZDCAD Technical Analysis: Weekly Chart

NZDCAD Technical Analysis

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

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.7956 & the resistance level is at 0.8082.

NZDCAD will trade in down channel until there is trend reversal.

NZDCAD Technical Analysis: Daily Chart

NZDCAD Technical Analysis

In the daily charts, NZDCAD is trading in an up channel. NZDCAD is currently trading below 50 and 100 days SMA & above 20 days SMA.

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.7984 & the resistance level is at 0.8057.

NZDCAD will trade in an up channel until there is 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 0.8021, TAKE PROFIT AT 0.8057 AND STOP LOSS AT 0.7984

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