NZD/CAD may rise 26 - 38 pips

0.8324 is our pivot point.

Our preference

The upside prevails as long as 0.8324 is support.

Alternative scenario

Below 0.8324, expect 0.8304 and 0.8291.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8339 and 0.8335). Finally, the NZD/CAD is trading above its upper Bollinger band (standing at 0.8343).

Supports and resistances

0.8406 **

0.8394 *

0.8382 **

0.8370

0.8344 last

0.8332

0.8324 **

0.8304 *

0.8291 **

Number of asterisks represents the strength of support and resistance levels.