– NZDCAD reversed from support level 0.7960
– Likely to rise to resistance level 0.8100
NZDCAD currency pair recently reversed up with the Piercing Line from the key support level 0.7960 (which stopped the sharp downtrend in September).
The support level 0.7960 was strengthened by the nearby lower daily Bollinger Band , as can be seen below.
Given the strength of the support level 0.7960 and the oversold daily Stochastic, NZDCAD can be expected to rise further toward the next resistance level 0.8100.
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies