NZDCAD facing bullish pressure, potential for further upside

Name: NZDCAD facing bullish pressure, potential for further upside
Uploaded: 2021-03-11T03:05:30.573829
Channel: FXCM

Long

New Zealand Dollar/Canadian Dollar (FX:NZDCAD)

FX:NZDCAD New Zealand Dollar/Canadian Dollar

Trend Analysis Harmonic Patterns Chart Patterns NZD CAD nzdcadlong

trendanalysis harmonicpatterns chartpattern nzd cad nzdcadlong

NZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension. Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices fall through 1st support, it might take support at 2nd support which coincides with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices are also above EMA which shows bullish pressure for prices.

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