FXCM

NZDCAD facing bullish pressure, potential for further upside

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
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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Comments

you are a master at your craft, thanks
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Thank you!
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Thanks, you are very helpful!
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