InvestingScope
Long

NZDCAD: Long term Buy opportunity.

FX_IDC:NZDCAD   NEW ZEALAND DOLLAR / CANADIAN DOLLAR
The pair is on a strong 1D Channel Up ( RSI = 61.239, ADX = 42.796) since the rebound on the 0.82450 Support. This support level has been holding since 2015 and we are expecting this rebound to be extended on a much longer time frame.

If the 2016 sequence is replicated then, after a short rejection on the 1W MA50, the pair should reach the last 1W Resistance. This is essentially our Target Zone: 0.91750 - 0.92800.






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