NZD/CAD | New Zealand Dollar to Canadian Dollar Trading Analysis
NZD/CAD | New Zealand Dollar to Canadian Dollar Trading Analysis
Written by: PaxForex analytics dept - Friday, 25 November 2022 0 comments
Source: PaxForex Premium Analytics Portal, Technical Insight
New Zealand: RBNZ delivers a 75 bps rate hike – UOB.
NZD/CAD,D1
Pivot: 0.8342
Analysis:
As long as the price is above 0.8250 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8342
- Take Profit 1: 0.8400
- Take Profit 2: 0.8500
Alternative scenario:
If the level of 0.8250 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8250
- Take profit 1: 0.8150
- Take profit 2: 0.8040
Comment:
RSI shows an uptrend in the medium term.
Key levels:
Resistance | Support |
0.8600 | 0.8250 |
0.8500 | 0.8150 |
0.8400 | 0.8040 |