CHART SCALE: Weekly

INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 0.981


SUPPORT LEVELS : 0.8687


PAIR ANALYSIS :


The NZD/CAD is in trendless pattern trend within a slightly bullish triangle. The pair pattern shows the CAD recovery after the Oil behavior retracement with a possibility of resistance zone at 0.9697. The MFI and the Linear Regression Slope around 0.0011 support the trendless tendency. A bullish crossing at 0.981 can validate a significant bullish domination. The cycle analysis suggests the possibility of a trendless tendency. It could be open a buy position with TP at 0.95767. It can be formulated a forecast level price at 0.95767. Canadian economy could have a secondary retracement considering the Oil behavior, so it should be noted the possibility of a not so great SL in selling strategy.


FIGURE 1 shows the trendlines




FIGURE 2 indicates the forecasting patter

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