NZD/CAD | New Zealand Dollar to Canadian Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

Trudeau's party won the election in Canada, but again failed to get a majority.

NZD/CAD,D1

Pivot: 0.8941

Analysis:

As long as price is above 0.8776 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.8941
• Take Profit 1: 0.9100
• Take Profit 2: 0.9175

Alternative scenario:

If the level of 0.8776 is broken-down, follow the recommendations below:    

• Time frame: D1
• Recommendation: short position
• Entry point: 0.8776
• Take profit 1: 0.8595
• Take profit 2: 0.8487

Comment:

RSI indicates the potential for growth in the medium term.

Key levels: