NZDCAD: Descending Trend Breakout Leading the Numbers.
Hello traders,
On a 4hr time frame, NZDCAD trying to break the trend resistance, NZDCAD continues scout towards the trend resistance must target the 0.8535. The upside clearance after 0.8535 can propel the numbers to its Next Halt zone 0.8565. After the 0.8565, the 0.8650 & 0.8690 might play their roles of upside barriers. Moreover, pair's successful trading beyond 0.8690 may please the Bulls with 0.8720 and the 0.8750 numbers to the north.
Alternatively, If the NZDCAD starts to decline towards the Down support; the support breakthrough may aim the 0.84550 & 0.84000. Traders beware of these numbers and decide your trades.
Happy trading.
On a 4hr time frame, NZDCAD trying to break the trend resistance, NZDCAD continues scout towards the trend resistance must target the 0.8535. The upside clearance after 0.8535 can propel the numbers to its Next Halt zone 0.8565. After the 0.8565, the 0.8650 & 0.8690 might play their roles of upside barriers. Moreover, pair's successful trading beyond 0.8690 may please the Bulls with 0.8720 and the 0.8750 numbers to the north.
Alternatively, If the NZDCAD starts to decline towards the Down support; the support breakthrough may aim the 0.84550 & 0.84000. Traders beware of these numbers and decide your trades.
Happy trading.
