NZD/CAD may rise 22 - 32 pips

0.8301 is our pivot point.

Our preference

The upside prevails as long as 0.8301 is support.

Alternative scenario

The downside breakout of 0.8301 would call for 0.8284 and 0.8274.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8305 and 0.8307).

Supports and resistances

0.8369 **

0.8358 *

0.8348 **

0.8338

0.8316 last

0.8307

0.8301 **

0.8284 *

0.8274 **

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