FX Trends daily (FOCUS: NZD/CAD)

NZD/CAD

Despite a correction last week, the cross is holding above a support at 0,8227 (short term retracement) which signals a liklely return to the recent high at 0,8356 (Dec17 top) while a medium term resistance line stands slightly higher at 0,8374. A break above this area would accentuate the bullish potential in the medium term. Buy – Stoploss @ 0,8226 – Target @ 0,8355.

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