NZDCAD: Classic Trend-Following Setup 🇳🇿🇨🇦
Hey traders,
NZDCAD is trading in a bullish trend since October.
Reaching 0.88 resistance, the pair initiated a correctional movement.
The price dropped to a trend line and perfectly respected that one more time.
Yesterday, the pair broke and closed above 0.86 - 0.8625 horizontal resistance.
It is a very important bullish clue, and it signifies a dominance of buyers again.
Look for buying opportunities from the underlined blue zone:
it is based on a horizontal resistance and a trend line.
I will expect a bullish movement from that area at least to 0.88 level.
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