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ForecastCity_EU
Nov 20, 2019 11:34 AM

Don't miss the great buy opportunity in NZDCAD Long

New Zealand Dollar/Canadian DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8501). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.

Take Profits:
TP1= @ 0.8645
TP2= @ 0.8790
TP3= @ 0.8905

SL= Break below S2
Comments
Best_Forecast
Thank you for your insight.
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