NZDCAD approaching support, potential bounce!
NZDCAD is approaching our first support at 0.9003 (horizontal overlap support, 50%, 100% Fibonacci extension) where we might see a corresponding bounce in price to our major resistance at 0.9094 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (34,5,3) is also seeing a bullish divergence and is approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also seeing a bullish divergence and is approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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