FX Trends daily (FOCUS : NZD/CAD)

NZD/CAD

The outlook remains bullish after the rebound on a key short term support now at 0,8341 (short term bullish channel). A break above 0,8469/85 would confirm this trend and would prolong the recovery toward 0,8598 and possibly toward the next long term resistance around 0,8843. A break would 0,8341 would invalidate this scenario in the short term. Buy – SToploss @ 0,8340 – Target @ 0,8597.

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