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Weekly forecast New Zealand Dollar / Canadian Dollar technical chart
Symbol NZDCAD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 30, 2020 - 23:00
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.8015, beginning of uptrend is expected.
  • We make sure when the resistance at 0.8800 breaks.
  • If the support at 0.8015 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.8590 on 05/26/2020, so more losses to support(s) 0.8460, 0.8340, 0.8240 and minimum to Major Support (0.8015) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Supports and Resistances:

  1. 0.9260
  2. 0.9060
  3. 0.8920
  4. 0.8800
  5. 0.8700
  6. 0.8600
Click on the level to view price action history.