NZDCAD facing bullish pressure, potential for further upside

NZDCAD facing bullish pressure, potential for further upside for FX:NZDCAD by FXCM

NZDCAD facing bullish pressure, potential for further upside



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.

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