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.


FxWirePro: EUR/AUD bearish as RBA hike boosts Australian dollar
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Stock Futures Dip as Investors Await Key Payrolls Data
AUDJPY Smashes 30-Month Peak — Buy the Dip, 112 in Sight
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
European Stocks Rally on Chinese Growth and Mining Merger Speculation
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Global Markets React to Strong U.S. Jobs Data and Rising Yields
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
FxWirePro: NZD/USD slips as New Zealand’s unemployment rises in Q4
FxWirePro: GBP/AUD extends losses after RBA rate hike 



