NZD/CAD is extending upside after taking strong trendline support at 0.9042 on Feb 18th trade.
- Price action has re-entered the daily cloud and Stochs have shown a bullish crossover from oversold levels.
- Ongoing strength in commodities likely to support the pair higher, next immediate resistance is seen at 0.9176 (10-DMA) ahead of 0.9201 (Feb 16th highs).
- Strong support is seen by trendline at 0.9042, while minor support is seen at 0.9110 (5-DMA).
Recommendation: Good to go long on dips around 0.9145, SL: 0.9040, TP: 0.92/0.9235/0.9270
