The pair is moved up to test the resistance on 0.8217
if it is breaked we can see the pair move up
if this resistance is not breaked we can see the pair move down to test the 1st support on 0.8200
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The pair is moved up to test the resistance on 0.8217
if it is breaked we can see the pair move up
if this resistance is not breaked we can see the pair move down to test the 1st support on 0.8200
We would point out that a closure above the level of 0.8300 will be used as a warning for an immediate realization of a sell position. The forecast for the fall is to the low support level of 0.7200 for the medium to long term.
The pair is moved up to test the resistance on 0.8390
if it is breaked we can see the pair move up
if this resistance is not breaked we can see the pair move down to test the 1st support on 0.8290
The New Zealand dollar – Canadian dollar pair continues to stretch its limits as it come closer to the last resistance level that defines the huge shuffling range for the pair, a shuffling pattern that results from the pair's weekly graph
in the event of an upwards breakthrough of the triangle, we can use the next resistance level at around 0.8140 as an alternative entry point.
the pair and as we can see from the chart has closed it's daily candle above the level of 1.6400 , so , that's mean the up trend is still standing and the pair is heading to 1.6430 then 1.6470
Nzdcad h 4h d w m
r3 0.8298 0.8331 0.8446 0.8750 0.9122
r2 0.8293 0.8317 0.8417 0.8582 0.8768
r1 0.8283 0.8301 0.8370 0.8488 0.8581
pp 0.8278 0.8287 0.8341 0.8320 0.8227
s1 0.8268 0.8271 0.8294 0.8226 0.8040
s2 0.8263 0.8257 0.8265 0.8058 0.7686
s3 0.8253 0.8241 0.8218 0.7964 0.7499
Only long opportunities are in play (all short opportunities will be ignored).
Here is where I think the pips are today... I’ll see you tomorrow!
We would point out that a closure above the level of 0.8300 will be used as a warning for an immediate realization of a sell position. The forecast for the fall is to the low support level of 0.7200 for the medium to long term.
Present price levels are sufficiently close to the resistance level of 0.8150 so we can place our first sales portion now and increase by a further portion in the event that the upwards direction continues towards the last resistance level of 0.8250.