NZDCAD TECHNICAL ANALYSIS

Here is an NZDCAD Technical Analysis on the Daily time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.

NZDCAD on the Daily Time Frame

Price is currently trading above the 15 and 30 EMA. Price is at the mid range of the channel and is most likely going to go up.

Price is in a sideways channel.

Price recently came in contact with the slanted support level.

There is room for price to go up to the next resistance level.

Additional points on NZDCAD

MACD is in green and below the zeroline.

Conclusion

Price is expected to increase.

 

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Have a great trading day ahead!

Ilyas Ismail

Currency Strategist

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