NZD/CADLong
NZDCAD 12 03 2021
NZDCAD 12 03 2021
After falling from the strong resistance level of 0.923, the false breakdown of which the price made at the end of February, the currency pair came to an equally strong support zone of 0.900. In this zone, a historically strong support level and a line that was formed back in October 2018 intersect. It can be seen that the price has already bounced off the zone, but having shown a slight increase, it turned around in the correction and now I expect that the price will first touch the zone again - thereby fixing on it. And then it will rise to the resistance level of 0.923. This will be our goal.
After falling from the strong resistance level of 0.923, the false breakdown of which the price made at the end of February, the currency pair came to an equally strong support zone of 0.900. In this zone, a historically strong support level and a line that was formed back in October 2018 intersect. It can be seen that the price has already bounced off the zone, but having shown a slight increase, it turned around in the correction and now I expect that the price will first touch the zone again - thereby fixing on it. And then it will rise to the resistance level of 0.923. This will be our goal.
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