Source: PaxForex Premium Analytics Portal, Technical Insight
National Bank of Canada analysts say GDP growth should accelerate to an acceptable level in the third quarter, supported by commodity prices and weakening health care measures.
NZD/CAD,D1
Pivot: 0.8928
Analysis:
As long as price is above 0.8679 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8928
- Take Profit 1: 0.9000
- Take Profit 2: 0.9102
Alternative scenario:
If the level of 0.8679 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8679
- Take profit 1: 0.8502
- Take profit 2: 0.8397
Comment:
RSI indicates the potential for growth in the medium term.
Key levels:
| Resistance | Support |
| 0.9208 | 0.8679 |
| 0.9102 | 0.8502 |
| 0.9000 | 0.8397 |
