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Nicemate
Jun 29, 2016 2:35 PM

NZDCAD in upward channel on the Daily. The weekly perspective: Short

New Zealand Dollar/Canadian DollarFXCM

Description

NZDCADFX_IDC:NZDCAD is currently in an upward channel on the Daily timeframe. On the weekly, the pair has hit a triple high on what seems to be a long term strong resistance, in the 0.96 area. Potentially the pair could either retest the channel in the 0.955 area, or be forming a harmonic structure with target on the 0.8 area.
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