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Nzdcadlong

NZDCAD - Downtrend is broken, it's time to take long positionNZDCAD has bounced from an import support level. So, we will be following the new uptrend line. TP will be within Fibo 61.8% level. One more thing to mention, AUD is stronger than CAD, AUDCAD has broken the ascending triangle and has formed a new uptrend, next NZD is stronger than AUD because AUDNZD is getting a pullback from major resistance level (on higher timeframe). So, ultimately NZD is stronger than CAD. We can think like this: NZD > AUD > CAD.
Long
by alamin0x1
Possible upside on NZDCADOANDA:NZDCAD Significant Level on Chart : 0.83422 Target: 0.86479 Term: Long term(One month) Reason: From the 2nd half of last week the NZD has been on a bullish run, this has been a result from the bounce on the significant level of 0.83422 supported by a further bounce on the trend drawn on this specific pair Cancel trade: If the significant level is breached but otherwise the bullish run may continue although this is a lazy pair and might take time to reach the 0.86479 target News: No news are expected to affect either Currency in the week beginning 9 september 2019 28 accounts pty(Ltd)
Long
by HarveyNyikoMaluleke