NZD/CAD may rise 34 - 51 pips

Our pivot point stands at 0.8326.

Our preference

As long as 0.8326 is support look for 0.8405.

Alternative scenario

Below 0.8326, expect 0.8299 and 0.8282.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8345 and 0.8329).

Supports and resistances

0.8438 **

0.8421 *

0.8405 **

0.8388

0.8354 last

0.8337

0.8326 **

0.8299 *

0.8282 **

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