NZD/CAD may rise 46 - 67 pips

Our pivot point is at 0.8318.

Our preference

Rise to 0.8413.

Alternative scenario

Below 0.8318, expect 0.8284 and 0.8263.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is below its 20 period moving average (0.8348) but above its 50 period moving average (0.8345).

Supports and resistances

0.8454 **

0.8433 *

0.8413 **

0.8392

0.8346 last

0.8332

0.8318 **

0.8284 *

0.8263 **

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