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NZDCADANALYSIS

NZDCAD long long longAfter a few days of indecision where the pair was forming a base at a very important area of support, it has finally broken out of the range and I expect it to continue that bullish move. Let's look at 4H chart: It is a very simple setup. The pair has broken out of the rectangle and it is being capped by MA50 that I will expect to act as a minor resistance giving us a bit of a pullback where we will look to enter long with a much better R:R. Profit target will be the next area of resistance at 08665 where the Daily MA50 will also come into play. Trade safe!
Long
by MicKi