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NZDCAD: Bullish continuation
New Zealand Dollar/Canadian Dollar
Long
NZDCAD: Bullish continuation
By ASCENS10N
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Updated
Jan 22, 2021
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Cheer
Cheer
Jan 19, 2021
We had a strong sell down the last couple of days and price is now slightly below the middle band of the upward channel.
The price has not touched the top of the trendline yet. I expect this green area (0.8990/0.9080) to act as a demand zone to push the price higher.
We should see price clear 0.9260 in the coming weeks and 0.9500 shall be the next target.
NZDCAD Long
Entry is valid as long as price is above 0.8990
SL: 0.8980
TP: 0.9260/0.9500
Jan 22, 2021
Comment
As expected, price did a bullish move yesterday which pushed the price back above the middle band of the channel.
The move will be slow but this pair will grind upwards towards the top of the channel.
Trend Analysis
ASCENS10N
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