NZDCAD facing bullish pressure, potential for further upside

11 במרץ 2021

NZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension. Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices fall through 1st support, it might take support at 2nd support which coincides with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices are also above EMA which shows bullish pressure for prices.