Tue, 13 Oct 2015 13:57:05 GMT
NZD/CAD 1H Chart: Channel Up
Not so long ago NZD/CAD bounced off the 200-hour SMA and soon formed a bullish channel. Meanwhile, the technical indicators are giving ‘buy' signals, meaning the current outlook is bullish. The immediate resistance is at 0.8770, represented by the weekly R1, and once it is breached, the currency pair will likely target the August high at 0.8830. However, lately we