FxWirePro: NZD/CAD extends break above 200W SMA, on track to test 61.8% Fib at 0.9435

• NZD/CAD extends upside for 4th successive week, trades 0.11% higher on the day.
   
• Price action has edged above 200W SMA at 0.9118, and is currently hovering below weekly cloud base at 0.9372.
   
• Technical studies are bullish. RSI and Stochs are biased higher. We see +ve DMI dominance.
   
• Break above weekly cloud will see test of 61.8% Fib retrace of 0.9924 to 0.86417 fall at 0.9435.
   
• On the flipside, immediate support is seen at 0.9273 (5-DMA). Close below will see test of 20-DMA at 0.9143.
   
• Retrace below 200W SMA negates bullish bias.

FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at 82.6774 (Bullish), while Hourly CAD Spot Index was at -114.227 (Bearish) at 0840 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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