years on the market

NZDCAD analysis

NZDCAD

The descending wave pattern of the M30 level is truncated and ended with the breakout of the inclined channel. A bullish divergence has formed on Awesome Oscillator. The CAD index is trading in the range of the historical resistance level, and the NZD index is trading in the range of the lower limit of the ascending price channel.

 

Trading idea:

Buy when an ascending wave pattern is formed.

Stop loss under the local minimum of the descending truncated pattern.

Target levels: 0.8842; 0.8900.

Other reviews

Choose your language