NZD/CAD 200-DMA breakout, target 61.8% Fib at 0.9061
Updated
NZD/CAD has broken stiff resistance at 200-DMA raising scope for further upside.
Technical studies are supportive of further gains. Momentum with the bulls.
Next bull target lies at 61.8% Fib at 0.9061. Break above 200W SMA at 0.9079.
On the flipside, immediate support lies at 200-DMA at 0.8934. Retrace below could see weakness.
Technical studies are supportive of further gains. Momentum with the bulls.
Next bull target lies at 61.8% Fib at 0.9061. Break above 200W SMA at 0.9079.
On the flipside, immediate support lies at 200-DMA at 0.8934. Retrace below could see weakness.
Comment
NZD/CAD is hovering around 0.90 handle.The pair is consolidating gains after break above 200-DMA.
Bias higher, stay long.
Comment
Tests 61.8% Fib, further upside only on break above.
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