NZDCAD, daily tf, buy at 61.8% retracement

Long

New Zealand Dollar/Canadian Dollar (FX:NZDCAD)

FX:NZDCAD New Zealand Dollar/Canadian Dollar

supportandresistance supplyanddemand fibonacci nzdcad nzdcadbuy nzdcadlong nzdcadsetup priceaction priceactiontrading fibonacciretracement goldenratio

Price right now retracing 61.8% fibonacci of the recent rally.

There is also a horizontal support on this area which could be a demand area to push price upwards.

Buy NZDCAD 0.8750
Stop loss 0.8660
Take profit 0.9050 (3.3R)

Use only 1-2% risk
Good luck

NZDCAD, daily tf, buy at 61.8% retracement

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