NZD/CAD Correction Mode, Support at .8100 Near Trend Line?
NZDCAD has been trending higher above a broad ascending trend line since April, with the pair recently printing a swing high at 0.8269 before retreating sharply to test key support levels.
Posts Tagged: nzdcad
NZD/CAD Ascending Channel Correction Levels
NZDCAD has been trending higher within a well-defined ascending channel since mid-March, and the pair is currently testing the upper boundary of the formation near the 0.8175 swing high.
NZD/CAD Descending Triangle Support Test, Breakdown Next?
NZDCAD is currently pressing against a critical horizontal support level at the 0.7933 area, having spent the better part of the past several weeks carving out a descending triangle pattern on the short-term time frame.
NZD/CAD Bearish Pullback Levels in Sight!
NZDCAD has broken sharply below a key support zone and is currently attempting a corrective bounce, with the Fibonacci retracement levels pointing to areas where sellers could be waiting to resume the downtrend.
NZD/CAD Symmetrical Triangle Breakout Looming
NZDCAD is currently consolidating inside a symmetrical triangle pattern on its short-term time frame, with price testing the upper boundary around the 0.8210 handle.
NZD/CAD Retest of .8100 In the Works?
NZDCAD has broken above the key resistance zone around 0.8100, signaling that bullish momentum could be taking hold.
NZD/CAD Steady Downtrend Tested Ahead of RBNZ Decision
NZDCAD has been trading within a descending trend line on its 4-hour time frame, with price recently bouncing off the swing low around 0.7852.
NZD/CAD Range Support Holding, .8250 Resistance Next?
NZDCAD has been consolidating within a well-defined range over the past several months, with resistance capping rallies around the 0.8250 minor psychological level and support providing a floor near 0.8050.