Nzd/Cad

NZD/CAD is continuing to advance inside the extended high Clarity Rising Wedge chart pattern identified by Autochartist on the daily charts. The length of this chart pattern is 204 bars

If a M15 close above 0.8200 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 0.8150 sell only and do not buy. If price closes back above it again do nothing

The range 0.8200 and 0.8150 is neutral area, any trade done in between is personal decision and not part of this analysis

The data comes on the heels of a stronger than expected CPI print earlier in the week which saw interest rate expectations from the Bank of Canada climb. When taking into account the recent prints on the respective economic dockets, today’s price action seems logical.

If a M15 close above 0.8300 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 0.8050 sell only and do not buy. If price closes back above it again do nothing

The range 0.8300 and 0.8050 is neutral area, any trade done in between is personal decision and not part of this analysis

the pair and as we can see from the chart has closed it's daily candle under the level of 0.8200 , so , that's mean the down trend is still standing and the pair is heading to 0.8160 then 0.8130

If a M15 close above 0.8400 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 0.8350 sell only and do not buy. If price closes back above it again do nothing

The range 0.8400 and 0.8350 is neutral area, any trade done in between is personal decision and not part of this analysis

The last time the pair approached this level was in the middle of 2007 – forming a double top around this level and reversing sharply to the downside (as is shown on the second chart below). The pair is expected to decline further in the direction of the lower support trendline of this Triangle.

the chart is showing that the pair is trading above level 0.8300 , that's mean the up trend is still standing and the pair might reach 0.8370 , but if the pair succeeded in breaking 0.8300 , it will head to 0.8270 and then 0.8240

If a M15 close above 0.8300 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 0.8250 sell only and do not buy. If price closes back above it again do nothing

The range 0.8300 and 0.8250 is neutral area, any trade done in between is personal decision and not part of this analysis

there is a possibility of double TOP currently.
for scalping we can try to sell.
for trend follower will be waiting around 0.83 - 0.8250 area for buy opportunity.

will waiting for the candle confirmation for buy position.