Source: PaxForex Premium Analytics Portal, Technical Insight
Canada: Goods trade balance swung sharply and unexpectedly into deficit territory – CIBC.
NZD/CAD,D1
Pivot: 0.8233
Analysis:
As long as the price is above 0.8170 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8233
- Take Profit 1: 0.8300
- Take Profit 2: 0.8360
Alternative scenario:
If the level of 0.8170 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8170
- Take profit 1: 0.8100
- Take profit 2: 0.8025
Comment:
RSI shows an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.8450 | 0.8170 |
| 0.8350 | 0.8100 |
| 0.8300 | 0.8025 |
