Intraday trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.8855
Kijun-Sen level: 0.8834
Ichimoku cloud top: 0.8825
Ichimoku cloud bottom: 0.8864
NZD/CAD has taken support around 0.87784 and recovered from that level till 0.88901(50% retracement of 0.89894 and 0.87784). Overall trend is weak as long as resistance 0.88905 holds. Short term trend reversal can happens only above 0.89088.
The pair’s minor support is around 0.88350 and any break below will target 0.8820/0.87780/0.8750. The minor resistance is around 0.8870.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell NZD/CAD around 0.8842-45, SL 0.8870, Target 0.8820/0.87785.
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.8855
Kijun-Sen level: 0.8834
Ichimoku cloud top: 0.8825
Ichimoku cloud bottom: 0.8864
NZD/CAD has taken support around 0.87784 and recovered from that level till 0.88901(50% retracement of 0.89894 and 0.87784). Overall trend is weak as long as resistance 0.88905 holds. Short term trend reversal can happens only above 0.89088.
The pair’s minor support is around 0.88350 and any break below will target 0.8820/0.87780/0.8750. The minor resistance is around 0.8870.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell NZD/CAD around 0.8842-45, SL 0.8870, Target 0.8820/0.87785.