Yurino86

NZDCAD: GO LONG- WAITING FOR RETEST

Panjang
OANDA:NZDCAD   NZD/CAD
NZDCAD it’s very clear at this point what the Market is saying price action, so we would be buying immediately we get a retest.
This trade is actually a 100% buy due to the trading confluence.
The strong short-term increase of NZD/CAD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.8490 CAD, a purchase could be considered. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.866 CAD.

Penafian

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