NZD/CAD 4H Chart: Bulls likely to prevail - Trade Pattern Ideas - Dukascopy Bank
Thu, 19 Dec 2019 06:45:46 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Neutral
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇒
⇒
⇒
The New Zealand Dollar has been edging higher against the Canadian Dollar in an ascending channel pattern since the end of October. The currency pair has appreciated about 5.09% in value during this period.
As for the near future, the NZD/CAD exchange rate will most likely continue to maintain the ascending channel pattern. Bullish traders could target the upper boundary of the channel pattern at 0.8798 during next week's trading sessions.
However, the 50– hour simple moving average could pressure the currency exchange rate lower within the following trading sessions.
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