NZD/CAD chart on Trading View used for analysis
- NZD/CAD rejected at session lows at 0.8715, bias higher.
- Momentum studies are biased higher, RSI above 60, with room to run further.
- The pair has broken above daily cloud and 110-EMA and is on track for further gains.
- Bollinger Bands are widening, suggesting rising volatility, bulls eye next major resistance at 38.2% Fib at 0.8778.
- On the flipside, retrace below 110-EMA could see resumption of weakness.
Support levels - 0.8711 (110-EMA), 0.8690 (5-DMA)
Resistance levels - 0.8778 (38.2% Fib), 0.8920 (50% Fib)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-CAD-Trade-Idea-1452805) is progressing well.
Recommendation: Stay long for targets.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Wall Street Analysts Weigh in on Latest NFP Data
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro- Woodies Pivot (Major)
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: USD/CAD hits two month high as Canadian as retail sales post monthly decline
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity
FxWirePro: GBP/USD slides to three-month low, scope for further downside
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data
China’s Growth Faces Structural Challenges Amid Doubts Over Data
FxWirePro: USD/ZAR rises as dollar gains on Fed hike bets
AUDJPY Surges Amidst Yen Weakness, Key Resistance Ahead
2025 Market Outlook: Key January Events to Watch
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 



