NZD/CAD 200-DMA breakout, target 61.8% Fib at 0.9061
Updated
NZD/CAD has broken stiff resistance at 200-DMA raising scope for further upside.
Technical studies are supportive of further gains. Momentum with the bulls.
Next bull target lies at 61.8% Fib at 0.9061. Break above 200W SMA at 0.9079.
On the flipside, immediate support lies at 200-DMA at 0.8934. Retrace below could see weakness.
Technical studies are supportive of further gains. Momentum with the bulls.
Next bull target lies at 61.8% Fib at 0.9061. Break above 200W SMA at 0.9079.
On the flipside, immediate support lies at 200-DMA at 0.8934. Retrace below could see weakness.
Note
NZD/CAD is hovering around 0.90 handle.The pair is consolidating gains after break above 200-DMA.
Bias higher, stay long.
Note
Tests 61.8% Fib, further upside only on break above.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.