NZDCAD Potential Upsides

8. März 2023

Hey Traders, NZDCAD is approaching an important Supply and demand zone so i will be watching a buying opportunity around 0.835 zone as it has been rejected multiple times as mentioned in the chart. i would set 0.855 as a potential target which is considered the trend resistance in case of a decent rejection from the demand area. i would also recommend to take a look at the stock market to confirm the trade as we have some sort of positive correlation between American indices and NZD pairs.
Trade safe, Joe.