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NZDCAD to go higher.

Panjang
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
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FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns NZDCAD
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trendanalysis chartpattern nzdcad
Looking at the daily chart, the pair might be in the process of creating inverted head & shoulder. It also shown a bullish divergence. Even though it went lower after BOC decision on Wednesday there is no follow through. Inside bar emerged on Thursday and on Friday the pair move higher with key reversal. A key reversal created on Friday is not really reliable however other patterns and price action prior to Friday's key reversal might indicate that the pair is ready to go much higher. Will be monitoring the pair throughout next week with intention to go bullish with first target at around 0.8660.
Komen:
Target profit moved to 0.8680.
Komen:
TP hit.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.