NZDCAD: Bullish continuation

We had a strong sell down the last couple of days and price is now slightly below the middle band of the upward channel.

The price has not touched the top of the trendline yet. I expect this green area (0.8990/0.9080) to act as a demand zone to push the price higher.

We should see price clear 0.9260 in the coming weeks and 0.9500 shall be the next target.

NZDCAD Long
Entry is valid as long as price is above 0.8990

SL: 0.8980
TP: 0.9260/0.9500

Kommentar:

As expected, price did a bullish move yesterday which pushed the price back above the middle band of the channel.

The move will be slow but this pair will grind upwards towards the top of the channel.