ChartAddicts

NZDCAD Showing Bullish Signs

Long
OANDA:NZDCAD   NZD/CAD
Reading price action, we can see that NZDCAD is making higher lows and highs in confluence with the most recent impulse clearing previous areas of resistance and now testing new support with a double bottom rejection. If the price holds and closes like this, we can anticipate the price to reach .88400. However, if the price breaks, we must reevaluate price action.