NZDCAD: Long term Buy opportunity.
The pair is on a strong 1D Channel Up (RSI = 61.239, ADX = 42.796) since the rebound on the 0.82450 Support. This support level has been holding since 2015 and we are expecting this rebound to be extended on a much longer time frame.
If the 2016 sequence is replicated then, after a short rejection on the 1W MA50, the pair should reach the last 1W Resistance. This is essentially our Target Zone: 0.91750 - 0.92800.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
If the 2016 sequence is replicated then, after a short rejection on the 1W MA50, the pair should reach the last 1W Resistance. This is essentially our Target Zone: 0.91750 - 0.92800.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.