NZDCAD (New Zealand Dollar/Canadian Dollar) Currencies Analysis
This symbol represents the New Zealand Dollar - Canadian Dollar cross pair. These two currencies are both categorized as commodity currencies. Canada is primarily associated with oil and lumber, conducting significant trade with the United States. New Zealand is more associated with agricultural commodities and exports dairy and meat products to Australia and China
Technical Analysis:
as you can see there exist a Hidden Bullish Divergence (HBD) after A Regular Bullish Divergence (RBD) which has Reversed the Bearish Trend to a Rally.
The Hidden Bullish Divergence is the, confirmation of the Bullish Trend Continuation.
The Second Confirmation is the 161.8% of the Fibonacci projection has been Triggered so the Price shall Minimum Touch the 261.8% of the same Fibonacci Projection according the Fibonacci Projection Laws.
there exist Few support Areas down Bellow of the same bullish trend which are the Specified in the chart.
Technical Analysis:
as you can see there exist a Hidden Bullish Divergence (HBD) after A Regular Bullish Divergence (RBD) which has Reversed the Bearish Trend to a Rally.
The Hidden Bullish Divergence is the, confirmation of the Bullish Trend Continuation.
The Second Confirmation is the 161.8% of the Fibonacci projection has been Triggered so the Price shall Minimum Touch the 261.8% of the same Fibonacci Projection according the Fibonacci Projection Laws.
there exist Few support Areas down Bellow of the same bullish trend which are the Specified in the chart.
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