Potential NZDCAD Long Term Long Setup

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
As per previous analysis on this pair some months ago, NZD has appreciated against CAD in the latter half of 2016 and is currently retesting the 2014 High (also All-Time High) at $0.96565. Price has been trading below this key pivot level for 2 years and may finally be looking to continue the uptrend. Weekly is bullish with price sitting over the 200 weekly moving average and previous years highs at $0.96194. Watching for a weekly close above this resistance level before considering positioning myself long for a possible run towards parity at $1.
Comment: No trade yet! NZDCAD breached the 2014 High but closed back down below the resistance and resulted in no trade. First break out is usually a fake out, so will be watching for a grind/consolidation under resistance in the form of higher lows, if there is a nice tight consolidation right under the 2014 High resistance, that increases the odds of the next test being a true breakout, will watch for now
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out