TradingView
tradercor
Mar 10, 2019 9:10 PM

NZD/CAD Long Long

New Zealand Dollar/Canadian DollarFXCM

Description

It looks like we have finally made our clean break and close above strong resistance within this range-bound market. This pair has been trading between .9100 & .8900 since the start of the year, respecting these support and resistance levels each time price approached it. Now that we have broken and clearly closed above, we can expect a strong rally in price up to the .9250 resistance area. This is an area of interest based off prior structure and is also our 1:1 projected price move based of the size of the range we have been trading in since January 1st. 
More