Today we take a look at NZDCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price has just seen a bullish breakout from the descending trendline resistance-turned-support,. We could see a bounce at buy entry, in line with our horizontal pullback support, and further upside towards our take profit, in line with 61.8% Fibonacci retracement. Stochastics is also reacting at the lower support level where it has bounced from before.
FX.co ★ Daily Video Analysis: NZDCAD bullish breakout, potential for further upside!
Daily Video Analysis: NZDCAD bullish breakout, potential for further upside!
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade