Olymp_Trade

Long positions in NZD/CAD after NZD breaks the level 0,9033

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
On 1W TF it's flat. The 200-EMA is moving sideways. The pair tested the support level . The volume is decreasing. ADX line is moving down that means that the tendency to move down is weakening - there is a possibility for the reversal.
On working 1D TF the pair touched 200-EMA. The volume dropped. The reversal should be confirmed by the indicators like MACD and Parabolic SAR . Also the pair has to break 23,6% Fibo level up. The possible target is 0,9078 (38,2% Fibo level). Results: if the pair breaks the level 0,9033 it is possible to open long positions.

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