CAD NZD
- CADNZD is currently finding strong fibonacci retracement around 1.090700, chart indicates once currency closes and stays above 1.090700 then further strength is expecting.
- Intraday close watch once currency starts trading above 1.090700, if stays above 1.090700 then intraday action is expecting.
- Suggested Reading - AUDNZD moving in a up channel formation , will favor bulls.
- Chart also indicates CADNZD is finding strong 200 days moving average resistance at current levels, once currency starts trading above 200 DMA it will be favored by bull, as long as it trades below bears will be favored close watch.
- As per graph no3. if CADNZD moves up from current levels then currency will find next strong fibonacci retracement resistance around 1.12071, 1.1465 and 1.17389.
- Click here to see all the forecast (trading tips) reports published by us on CADNZD.
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