Source: PaxForex Premium Analytics Portal, Technical Insight
Bank of Canada Senior Deputy Governor Carolyn Rogers said on Thursday they are looking for more evidence that the current interest rate levels are high enough.
NZD/CAD,D1
Pivot: 0.8445
Analysis:
As long as the price is below 0.8600 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8445
- Take Profit 1: 0.8350
- Take Profit 2: 0.8250
Alternative scenario:
If the level of 0.8600 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8600
- Take profit 1: 0.8730
- Take profit 2: 0.8800
Comment:
RSI shows a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 0.8800 | 0.8350 |
| 0.8730 | 0.8250 |
| 0.8600 | 0.8150 |
