Source: PaxForex Premium Analytics Portal, Technical Insight
The Canadian Dollar gave a mixed performance on Thursday after a data-light economic calendar on the Canadian side left the CAD to twist amid a mixed print in key US figures.
NZD/CAD,D1
Pivot: 0.8314
Analysis:
As long as the price is below 0.8300 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.8316
- Take Profit 1: 0.8400
- Take Profit 2: 0.8450
Alternative scenario:
If the level of 0.8300 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.8300
- Take profit 1: 0.8250
- Take profit 2: 0.8200
Comment:
RSI shows an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 0.8500 | 0.8300 |
| 0.8450 | 0.8250 |
| 0.8400 | 0.8200 |
