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

Trading suggestion:

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

DateSeptember 18, 2021 - 13:09
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.87600 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A peak is formed in daily chart at 0.9040 on 09/09/2021, so more losses to support(s) 0.8920, 0.8870 and minimum to Major Support (0.8760) 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 60.