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Nzdcadlong

Long NZD/CAD above 0.86The pair has paused upside, finds stiff resistance at 55-EMA and daily cloud at 0.86. Break above 0.86 handle could propel the pair higher. Next major resistance lies at 110-EMA at 0.8712 ahead of 38.2% Fib at 0.8778. Technical analysis shows bullish bias. Price has broken and holds above 5-DMA and finds strong support at 20-DMA. RSI and Stochs are biased higher and MACD supports upside Support levels - 0.8546 (5-DMA), 0.8535 (21-EMA), 0.8468 (Oct 24 low) Resistance levels - 0.86 (daily cloud, 23.6% Fib and 55-EMA), 0.8658 (Oct 19/ 22 high), 0.8778 (38.2% Fib) Stay long on break above 55-EMA, SL: 0.8530, TP: 0.8660/ 0.87/ 0.8775
Long
by FxWirePro
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.8768 (horizontal swing high resistance, 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8651 (horizontal pullback support, 61.8% fibonacci extension, 38.2% fibonaccci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresonding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8508 (Horizontal overlap resistance, 23.6% fiboancci retracement) and a strong drop might occur pushing price down to our major support at 0.8429 (61.8% Fibonacci extension). RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8595 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.8463 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and seeing a bearish divergence and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Tickmill
7
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8510 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.8374 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
NZDCAD approaching resistance, potential drop! NZDCAD is approaching our first resistance at 0.8519 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8374 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.8560 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8500 (horizontal swing low support). RSI (34) is also approaching our descending resistance line and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.8562 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8422 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets