NZD/CAD
The cross has continued to rise in the recent sessions and has cleared an important resistance area between 0.8373 (medium term resistance line) and 0.8425 (August 2011 top). In this context, the current may extend toward 0.8485 (2007 top) then 0.8598 (medium term retracement) while the next long term resistance lies around 0.8830/43. Buy – Stoploss @ 0,8369 – Target @ 0,8597.
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Natixis