NZDCAD Long - Watch out for a bullish wedge breakout
NZDCAD is triggering a bullish wedge pattern on the daily chart, after finding strong buying power at a horizontal support zone previously. (Setup posted recently).
The bullish divergence is also still in-tact. Overall, the pair trades near the lower range levels and has more upside potential.
Today's risk-on market environment and week/month-end profit taking taking may also push the pair higher.
The bullish divergence is also still in-tact. Overall, the pair trades near the lower range levels and has more upside potential.
Today's risk-on market environment and week/month-end profit taking taking may also push the pair higher.
