NZD/CAD has broken major trendline resistance at 0.9350, bias higher.
The pair is at the time of writing holding above 0.94 handle after breaking 20-DMA resistance at 0.9382.
The below mentioned technical indicators support further gains:
- Stochs and RSI have rolled over from oversold and are biased higher. - MACD line shows a bullish crossover on signal line - Break above trendline and 20-DMA
We see scope for test of 100-DMA at 0.9491. Bullish invalidation on close below 5-DMA at 0.9335.
Support levels - 0.9382 (20-DMA), 0.9350 (Trendline), 0.9335 (5-DMA)
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