01.11.201614:12 Forex Analysis & Reviews: Technical analysis of NZD/CAD for November 1, 2016

Long-term review

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NZD/CAD bullish trend appears to be still valid after the pair broke above 23.6% Fibs resistance applied to the trendline breakout point.

After the breakout, NZD/CAD found the technical and psychological support level (0.9600) and started to move higher.

Consider buying NZD/CAD on pullbacks towards 0.9600, targeting 0% Fibs (0.9692) and potentially even higher. The suggested stop loss is 0.9520.

Support: 0.9600, 0.9540

Resistance: 0.9692

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