As per previous analysis on this pair some months ago, NZD has appreciated against CAD in the latter half of 2016 and is currently retesting the 2014 High (also All-Time High) at $0.96565. Price has been trading below this key pivot level for 2 years and may finally be looking to continue the uptrend. Weekly is bullish with price sitting over the 200 weekly moving average and previous years highs at $0.96194. Watching for a weekly close above this resistance level before considering positioning myself long for a possible run towards parity at $1.
评论:
No trade yet! NZDCAD breached the 2014 High but closed back down below the resistance and resulted in no trade. First break out is usually a fake out, so will be watching for a grind/consolidation under resistance in the form of higher lows, if there is a nice tight consolidation right under the 2014 High resistance, that increases the odds of the next test being a true breakout, will watch for now