FX.co ★ clare.morissette | NZDCAD

As of today, the NZD/CAD currency pair continues to move within an ascending channel, which indicates that buyers still maintain control. After an attempt to stay below the 0.8120 level, growth began. I expect that in the near future the price of the pair will move roughly in the range from 0.8165 to 0.8195. At the moment, the 0.8165 level is the nearest resistance; if the price manages to break through this level, it may become one of the first signals that a move toward 0.8195 is likely to begin, although a pullback may also occur. However, it is important to note that since the price is currently below this point, the primary scenario remains bullish.