NZDCAD: ⬆️ Buy
- NZDCAD reversed from support area
- Likely to rise to resistance level 0.7950
NZDCAD currency pair recently reversed from support area between the powerful long-term support level 0.7850 (which reversed the price sharply in April), lower daily Bollinger Band and the support trendline of the daily down channel from July.
The upward reversal from this support area is currently forming the daily Japanese candlesticks reversal pattern Morning Star – strong buy signal form this currency pair.
Given the oversold daily Stochastic, NZDCAD currency pair can be expected to rise to the next resistance level 0.7950.
, lower daily Bollinger Band and the support trendline of the daily down channel from July.){kind=link}